Pop Century Ghost Town - Why did construction Stop?

[speck76]

Leaving those buildings 1/2 done and delaying the opening over a year for phase 1 shows just how severly the market changed in post 9/11 travel. Think for a second what the world might have been like had we not suffered those losses.Remember when the economy was good and traveling on an airplane didn't involve taking off your shoes and guys in camo holding machine guns? Can you even remember? Now, imagine if it was a nuke or two they got instead of a few passenger airplanes,what would the world be like now?The world would have been better off if the CIA turned Bin Laden into a grease spot back in the 90's.But we'll never know what might have been its just reminders like a half done hotel,left vacant beacause of a lack of guests.

Although 9/11 was a major factor, the economy in Orlando was already heading downward starting in the 1st Q of 2001...what 9/11 did was make the downturn happen quicker, and it made it much more severe. It also made people more afraid to fly, which has had the longer-term effect of more people driving on vacation, which typically means that they vacation closer to home, or spend less days in Orlando, since 2-4 days of vacation are spent en route, instead of the 2.5 hours they used to spend flying.

The recession would have happened regardless of 9/11....9/11 just made it hit quicker, and last longer.

Then, when the economy started to improve, we went to war.....which had a bad effect on the 2nd Q of 2003.

It was funny, in the period between early 2002 and mid-2003, every time the terror alert was raised, people would stop booking reservations, and many people would cancel.