Retirees boost economy - WALB.com, Albany News, Weather, Sports

Retirees boost economy

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Team USA track star killed in crash

    Team USA track star killed in crash

    Monday, July 28 2014 10:50 AM EDT2014-07-28 14:50:23 GMT
    Track and field field star killed after semi slammed into a stalled car on I-75 in Cordele.More >>
    Track and field field star killed after semi slammed into a stalled car on I-75 in Cordele.More >>
  • PCA faces judge Monday for salmonella outbreak

    PCA faces judge Monday for salmonella outbreak

    Monday, July 28 2014 8:45 AM EDT2014-07-28 12:45:34 GMT
     Happening today jury selection set to get underway in one of the largest food recall cases in our nation's history. It comes nearly 5 years after a deadly salmonella outbreak was linked to a south Georgia peanut manufacture.More >>
     Happening today jury selection set to get underway in one of the largest food recall cases in our nation's history. It comes nearly 5 years after a deadly salmonella outbreak was linked to a south Georgia peanut manufacture.More >>
  • UPDATE: Police search for man who shot up two vehicles

    UPDATE: Police search for man who shot up two vehicles

    Sunday, July 27 2014 11:38 PM EDT2014-07-28 03:38:04 GMT
    Albany police say several shots were fired into an unoccupied vehicle Sunday evening at a restaurant parking lot.More >>
    Albany police say several shots were fired into an unoccupied vehicle Sunday evening at a restaurant parking lot.More >>

March 11, 2008

Lowndes County - Several south Georgia cities are working to attract retirees to town. But the slumping housing market, high gas prices and a struggling economy slowed relocations to a trickle.

Retirees poured in from Florida a few years ago.  Now, leaders in Lowndes County hope for a return to those numbers and their pinning their hopes on a new development.

With a troubled economy, the Lowndes County chamber of commerce says they need retirees now more than ever.

"That's the exact reason we want to attract and relocate retirees because they help stabilize the economy in the community," says Alison Stokes.  "They spend $36,000 annually going out to eat, entertainment, shopping and those kinds of things."

Many Florida retirees first made the move after a rough hurricane season in 2004.

"At the time there were a large number of people who jumped the gun, sold their homes, made huge profits and came right on in here and moved right in," says Sandra Hayden, Sales Director at Southern Landing.

The Chamber welcomed them with opened arms.

But now a struggling housing market is keeping them at bay.  "They are still eager and planning to move and making steps to move when the community is ready but they do have to sell their homes," Hayden says.

"There's an overabundance of home on the market and certainly in Florida there are," STokes adds.

They chamber is now increasing their efforts to draw them back in and hope Southern Landing, a new housing development will be their secret weapon.

"It's an active adult retirement community. A 55 and better community where it's a lifestyle community with all kinds of amenities, a lifestyle director and things to do."

They say things are looking good and hope to have new retirees spending in the community soon.

Feedback: news@walb.com?subject=(StoryContent)-AE