Hyde Park Village has always been one of Tampa locals’ favorite places to shop, eat or socialize with friends. The fact that it features both local and popular brands makes it one of the favorite destinations for weekly visits. But lately, price rises in stores and restaurants have made things different for people visiting this place.
Many people notice that higher-end stores are opening, and that things like coffee, clothing and food are no longer as affordable as they used to be. A casual meal out or coffee run that could be easily afforded is now more expensive.
In years past, it was described as a “homey” and “cozy” neighborhood with a strong emphasis on local stores. But with the rising popularity of Hyde Park, high-end businesses are coming into the area, and there is a feeling of a loss of atmosphere. These types of businesses also give a clean and updated look to this type of neighborhood, which has made the area feel less personal to long-going visitors.
“The price increases definitely take a toll, especially since I have a job and spend my own money. I probably visit the same amount recently compared to past years, but the atmosphere has definitely changed”, said Ada Lowney (11). “I like the addition of the higher-end stores, but it felt more homey without them. I would rather the atmosphere feel cozier because we have multiple malls and shopping centers for the pricier stores.”
The rent in popular shopping areas such as Hyde Park keeps rising. As a result, the price of doing business increases as well. Furthermore, due to rising transport costs for food and higher prices for other items, there is little businesses can do but pass on the higher prices to their clients.
Another noticeable change in the neighborhood has been the shutting down of many favorites among fans, which were known to attract many visitors, including Goody Goody. This included many students who used to visit these places after school or on weekends. With many of these places closing down to make way for more expensive establishments, students have complained that there are no longer any affordable hangout spots in the neighborhood, so Hyde Park Village no longer seems so welcoming to locals.
These changes, however, have drawn a mixed reaction from customers. While some customers have shown their love for the location and are ready to pay a high price for it, others have also mentioned that they are not frequenting the place very often because they are finding their time and money elsewhere. Students, especially those with limited funds, have found that prices have made Hyde Park feel less accessible.
Despite the price increases, Hyde Park Village stays an essential social setting for the people of Tampa. Even though the price hikes will likely change how citizens spend their time and money, Hyde Park will remain a favorite destination for those who appreciate its distinctive setting. The higher prices will only force customers and businesses to cope with the realities of going out.
