City should match Hacienda with nearby redevelopment site - Tampa Bay Times

Another city in dire financial and economic straits struggles with a vacant hotel property.  Click title for link.  Most poignant part of the article as it relates to Lake Worth:

"Patched leaks and a fresh coat of paint won't hurt, but more significant hurdles must be overcome. The city's demographics of owner-occupied homes, personal income and local property values are troublesome as is the overall redevelopment budget that now requires subsidies from the city's general fund. Essentially, there are few dollars to offer economic incentives to a developer. And the immediate population lacks the disposal income levels desired by higher-end retailers/service providers."