Ho hum - this old chestnut again.....
My views (as an ex-pat resident)
LG is no longer a tourist resort - there's not enough accomodation to call it that any longer. Sad yes, but until/unless the world financial climate changes, that's the way it will remain.
LG is now essentially a large housing estate at the end of the coast road with a rapidly aging population who will never accept anything other than a quiet night.
No Canarians live in LG, it was built by the Brits and Germans for the Brits and Germans. If you want to come to Tenerife to sample Canarian lifestyle, hear Spanish spoken and enjoy watching the world go by at a bar or cafe without paying extortionate prices, LG is probably the last place you should visit.
Of those who live here or nearby, the younger element (by that I mean those who need to work to survive) are leaving the area in doves because there is no work. Many are moving South, almost as many are moving back to their homeland(s).
The Marina is privately owned, nothing will change the condition of the place unless or until the owners decide to spend money and given the number of formerly popular venues there which are now closed, that is a long way off.
Elsewhere, restaurants and bars are closing or cutting back everywhere - as above, there are so few tourists these days there is so little money circulating.
This weekend the place is heaving, but with Spanish people from the North and the Peninsular - they do not eat out - especially in the predominantly Brit owned bars and restaurants. The Supermarket this morning was a scene of devistation with beers and bread etc being removed from the shelves almost as quickly as they could be filled - it was the Spanish and they were, as they do at Easter, spending their day on the beach.
Tour companies do not promote the area as there is nowhere for them to promote (we are talking LG and not Puerto Santiago btw). The local authority can do very little to help since a) they are the smallest municipality on the island - less than 3,000 people on the electoral role - and as ever continually miss out on budget hand-outs from central government.
How this is fixed is another issue altogether, and I wholeheartidly support those who suggest that the locals roll up their sleves and at least make their bars and restaurants attractive for the few that still visit.
I'm sure there is more.......