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RE: LeoThread 2025-12-02 19-53

in LeoFinance3 days ago

Part 3/8:

Norfolk shared that costs have surged by approximately 25 to 27%, a significant increase that was unforeseen at the time of opening. These added expenses include higher prices for utilities, supplies, and transportation, such as Uber rides used to attract customers to their location. Moreover, city initiatives like increased pay-to-park policies have further discouraged foot traffic, making it harder for small businesses to thrive in the Arts District.

Challenges for the Hospitality and Retail Sectors