Small businesses hope Newport Target brings economic boom
NEWPORT, KY (FOX19) - To the symphonic tunes of a cellist, shoppers got a preview look at the new Target store that opens up this weekend in the Newport Pavilion.
City leaders are cautiously optimistic that this means good things for the development.
"It's been a long time, a few challenges, a few setbacks, but as you can see today, finally we can take a big sigh," says Newport mayor Jerry Peluso.
He says he feels hesitant to get too excited because he knows the development's been through a rough few years.
At one point, construction halted completely as the developer, Bear Creek Capital, went into a financial tailspin. Then, a sewer problem halted the creation.
But some people who've taken a gamble on the site say it's now back on track.
"We had one of the best Decembers we ever had," says Steven Levinson, who owns Monmouth Jewelers, one of two smaller businesses to open up in the Pavilion.
Levinson says the risk he pegged his life's work on, has so far benefited big time.
"The key to this economy is that you have to position yourself so that when the economy turns, you're in the right location," said Levinson. "Everyone seems to be excited about Target and they are anxious to, well, this center will be the focal point of Campbell County."