Opelika a Bright Spot in a Gloom & Doom World

Katz Stuff, Opelika News, Real Estate Leave a comment.

SoapboxForgive me, but it’s time for some Soapbox Time:  Now I’m not saying Opelika is the Magic Kingdom where Mickey and Minnie lead a parade everyday, but we sure have it better than many similar sized communities in other parts of the US.  Have problems in the auto industry hit us, sure they have.  Temporary layoffs at Mando and slow car sales have forced many to go home early for the holidays.  While no Opelika & Auburn car dealers have closed, you see fewer sales folks on the lot these days. Can you find good deals on cars? Huge rebates say yes, if you can get the money.  Is it going to get better quickly, probably not, but those that have planned well will survive. There have been some foreclosures, but you don’t see sign after sign like some others cities.  And friend Redman can tell you that there was a rush of refinances at the end of the year as some money is freeing for some.  Look at downtown Opelika.  Several new businesses that opened in the past year or two are still there. That doesn’t always happen in good times. Work continues to fix and restore old store fronts for a better looking downtown.  And that work hasn’t stopped with current economic situation, it continues. Add another downtown upstairs condo to the “Sold” list for confirmation of this growth.  Will I change some of my spending habits in the coming year?  I suspect you won’t see me at Outback as much now that I’ve started doing cooking and freezing.  And why not stay at home a few more nights to watch 4 movies for less than $10 in High Definition? Was 2008 a good year to invest in the redesign and reformat of this website, time will tell. Mayor Fuller’s comments in the OA News Saturday on the cities growth bring me to this.  I think I can control what I can, so if I do a better job of that, I too will be ready for 2009! And for me it always seems to go back to the fact that Opelika, a town I didn’t know much about 13 years ago, is a Great Place to live!  Photo Credit: ltsblogs.org.uk/cpdteam/2007/09/

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6 Comments

Anonymous Says:

Great article Jerry! Want to come work at the Chamber???

You are right, Opelika is a terrific place to live.

Old Man Justice Says:

Can It be ascertained by the Opelika Daily News from the mayor or ed department of Opelika and Auburn if the citiesjob creation incentive packages have CLAW BACK provisions, in that how do taxpayers get their investment back if the incentive endowed company fails to create the jobs as agreed to in their contract for whatever reason the big quesstion is: if a job creation incentive which is sometimes $125,000.00 per job to the industry can be CLAWED BACK for the taxpayers if the company say goes bankrupt or lays off many workers like Opelika Mondo/ also bankruptcy such as recent german co that makes insulation for autos and has a plant in Alabama.It was filed in Germany… What CLAW BACKS do Auburn and Opelika have in place to protect it’s taxpayers handouts that are ment to create jobs??? With the global auto industry on it’s knees this exactly is type of lending hazard we are witnessing now and exposing our local economies to??? Where will our bail out come from?

Jerry Says:

Okay, that’s a fair question. Let’s see if we can get an answer to that one. Thanks for the comment “Justice”

Henry Says:

Jerry, What a great article you put out. You nearly LOVE Opelika as much as I do. Things go Up and down and in the end Opelika will always come out on top.
Keep the positive coming.

Mayor Gary Fuller Says:

Re: Old Man Justice comments on City of Opelika claw backs. Basically all of the incentives we offer to new and expanding industry have built-in claw backs. We do a seperate agreement, approved by the City Council, for each project and those incentives fall within two categories: statutory and discretionary. Both require company action before the incentive comes into play. Statutory incentives such as tax abatements and exemptions do not take place until the company has spent money. The law is specific on what we can or cannot do relative to these types of incentives, but generally it is a quid pro quo in that the company must act before the incentive comes into play.

As far as discretionary incentives go, again the company must act or perform before we grant. Opelika’s incentives in this area are strictly performance based. The company must either create a certain number of jobs and maintain those jobs or the company must spend money to qualify for a reimbursement. We have tried to shy away from the up-front cash deals for the very reason Justice mentions in his comments. Of course today’s business climate has brought the whole question of incentives to the forefront. Our structure, while not perfect, has been very successful and does allow us to have a reasonable expectation of a return on investment before we provide the incentive.

Old Man Justice Says:

The mayor know his stuff…OMJ

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