Several businesses have closed or have announced that they are closing their doors in recent months in Cache Valley and that has been a cause of concern among some residents. On <a href=”http://610kvnu.com/assets/podcaster/324/2016_01_14_324_41067_2867.mp3″ target=”_blank”>KVNU’s “Speak to the Mayor” program Wednesday</a>, however, Logan Mayor Craig Petersen said that doesn’t mean the city is in a bad financial situation.
<span>”Some of the closures that we’ve seen are reflecting nationwide trends,” said Petersen. “For example, in terms of retail, there is clearly a huge trend to online purchases. So what you are seeing, in Logan, you are seeing in other cities as well.</span>
<span>”The other category where we’ve seen some closures are restaurants. Again, there is a nationwide trend. The traditional restaurants, nationwide, are struggling.”</span>
The mayor highlighted the recent opening of Tai Pan Trading Company and a new sandwich shop coming in downtown Logan. He said there are other exciting things coming to downtown Logan that he couldn’t talk about at this time.
The mayor also pointed to the low unemployment rate of the area.