Whereas, the city council is trying to bring in bring in dollars, the city of Palm Springs California use to be on the most famous cities and tourist destinations in the United States, Like many degraded down town areas in many other cities, it appears as if there is is use.
Fewer and fewer companies are coming to the area and this company investment dollars and economic development is stressed. In problematic situation, it looks as if it will take a small miracle to bring it back. In The local politics have made things tough on everyone to boot.
Yes, other cities in the United States have come back from worse, but the real estate market was also in the worst hit counties in the US after the subprime lending disaster. Real estate investors both commercial and residential are few and far between in Palm Springs.
Cities like Palm Desert, La Quinta and Indian Wells are a much better investment and will be for most likely the next ten years. Very doubtful says one economic analyst, especially considering that the wealth and investment dollars are moving to much better planned communities nearby. What say be done? Some say it & # 39; s too late.
