Slight Slump in Downtown Bellevue Economy

It seems as thought, the bearish national economy has finally caught up to Downtown Bellevue. In an address by Bob Derrick to the City Council, Derrick sited slumping housing prices, slowed retail sales, and fewer development projects taking off as the symptoms to the claim.

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The Office of Economic Development will focus on “retention and expansion of small businesses, revitalization of neighborhoods and commercial areas, international trade, as well as marketing promotions.” Derrick’s outlook for Downtown Bellevue is still very bright sighting that he believes the economic state should pick back up by end of 2008 and early 2009.

-Brian Biege

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