Low lake hurts business


Posted: Fri, 7 Oct 2011 09:44 AM - 10,896 Readers

By: Vicky Garza - Austin Business Journal


http://assets.bizjournals.com/austin/print-edition/CarlosCharlies.jpg?v=1
Carlos’ n Charlie’s owner Pete Clark stands where boats usually park. Many said the drought deprives them of customers and adds to operational costs.
photography by Nick Simonite



It’s like Christmas was canceled, and everyone was a toy store owner.

That’s how Carlos’ n Charlie’s owner Pete Clark describes the drought’s impact on the businesses surrounding Lake Travis this past summer.

Historically low lake levels caused profits at lake businesses to shrivel up during their peak season and increased their costs, while taking a toll on development and property values.

Lake Travis businesses rely on the summer to generate the majority of their revenue — about 80 percent — for the year.

A recent economic impact report found that a full Lake Travis is a significant economic engine ... To continue reading subscribe now






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