The CVS in Tower Square in downtown Springfield closed its doors the other day as the chain opened a new facility several blocks to the south, almost across Main Street from MGM Springfield.
While this event isn’t in itself newsworthy on most levels, it is part of what is becoming a trend that is rather … well, disconcerting is too strong a word, but it’s pretty close. It’s a trend we would like to see reversed.
And that’s a trend toward businesses and institutions moving a block or two and having officials and business leaders label such activity ‘economic development.’ It might be that on some level — or in some cases, to be precise. But mostly, it’s just musical chairs that isn’t really helping matters when it comes to the big picture.
Let’s start with that CVS. On some levels, we should consider this part of efforts to revitalize the tornado-ravaged South End of Springfield — and that’s what it’s being called. In fact, MGM’s leaders have mentioned this project early and often when talking about how the $960 million facility is stimulating additional development in and around its campus.
Maybe that’s true. That’s maybe. But moving CVS several hundred yards to the south can’t be interpreted as bringing ‘new business’ to Springfield. And moving that store out of Tower Square can’t be helping the ongoing efforts to revitalize that former business hub and shopping center. In fact, the decrease in foot traffic will certainly hurt efforts to bring new businesses into that once-thriving but long-struggling facility. And it will also hurt the employees in the downtown business towers who frequent that convenient location.
But enough about CVS. We’ve seen this musical-chairs activity with bank branches, small businesses, nonprofits, and more. They move into a new space to considerable fanfare while leaving a vacancy somewhere else.
Sometimes it’s necessary — as when a company needs to move to better or larger space, or when a lease is being terminated, as was the case a few years ago with a number of law firms displaced by the arrival of MGM. And it’s nothing unique to Springfield or this region. Indeed, every time a new office building is constructed in Boston, New York, or any other large city, tenants relocate to it from other facilities in the general area.
And, as we noted, sometimes it’s a good thing, as is the case with Peter Pan moving just a few hundred feet into Union Station. That seemingly unnecessary move cleared the way for Way Finders to build a new facility on the Peter Pan site that might help revitalize the North Blocks area, while also helping to speed development in the South End, in property currently home to Way Finders.
But in most cases, this musical-chairs activity is just that — people moving from one chair to another with no real benefits, other than to those doing the moving.
We don’t know all the reasons why CVS moved three blocks down Main Street, and we’re not sure what kind of impact it will have in the South End. Maybe it will be a catalyst for more development, and maybe it will be a solid start to efforts to balance the glitz on the west side of Main Street with some on the east side.
But overall, such moves don’t generate economic development as much as they just move it around. The real goal should be to have companies change their zip code (to one in the 413) when they move, not keep the same one.