Posted on 01/06/2015 7:33:54 AM PST by SeekAndFind
I believe it! What a sad society we’ve become!
It would be a perfect location for section 8 housing.
Load the place with leftover FEMA trailers.
(I remember riding my Yamaha dirt bike on the site when they were building that place back in the 70s, LOL)
Their empty parking lots make great places to teach your teenagers to drive and park though :)
ROTFLMAO!
1) demographics and thug kulture
2) internet
Only malls prospering are high end where big spenders want to try on Jimmy Choo or Carven or St Laurent etc first
Or the open air walk around style where youth can't hang out as easy
Some outlets seem to prosper.....Woodbury Commons in Hudson Valley for example
IMO empty malls have become desirable as tax write offs. Plus as an extra added bonus the owners can play around with city planners city councils etc trying to get grants etc for pie in the sky studies, planning, etc that they have no intentions of going through with usually done so city doesn't contest sale to another corp wanting to buy a write off.
Add to this the fact the malls favorite renter seems to be government. Why? Well government will pay top dollar and isn't worried about retail profit.
The city south of me Knoxville has two. One is thriving and the newest one is dieing. The newest one has stores once located inside the mall now located outside and seem to be doing OK.
To the west of me is Oak Ridge. That mall has been dead as such for over a decade. Again most stores except the anchor ones moved out to cheaper locations across the street. This began when government began renting retail space. Several owners since construction with each new one having proposals that go nowhere.
Malls can work but owners have to be realistic. Also many miss opportunity by not having one or two Big Box as an anchor store. You have to have something to get people there first. Mix up the retail from high end to family stores. Have a well trained security force rather than making the mall a satellite precient for city cops.
Offer decent places to eat from fast food to restaurants where persons may go for special occasions. Have such things as a UPS Store and office supply/computer IOW Specialty Stores where people can do one stop shopping. Extend hours past 9:00pm till 11:00PM. Seriously, closing a mall at 9:00pm especially on Friday & Saturday is a looser. Walmart is open all night. While a mall can't support those hours it could support till 11:00pm except Sunday. A big shopper draw would be a grocery store open all night. Shoppers finish shopping inside the mall and do grocery shopping before going home. There's ways to make it work. The first thing should be elimination of all tax breaks/write offs for empty malls for more than a year.
Don’t know about that.. There have always been dead and dying malls. I have watched personally malls reinvent themselves to serve higher end markets as demographics changed and watched thriving malls become weekend swap meets etc.
There is little doubt too many malls exist in some regions, middle class is getting squeezed,and social norms are changing. Face it in the 80s the mall was where the kids hung out... Not that some don’t still today but the mall today is not remotely the social hub it was.
I walk through the mall and marvel at how many clothing retailers are there, and how many of them I know from their sec filings are struggling.. It’s not hard to see why. Intense competition for the youthful buyer who’s tastes change significantly every few years. The days of having Ambercombie on your shirt has gone from a status symbol to something to be despised etc etc.
there is little doubt that the malls status is generally falling and without general demographic growth the impact would be even greater than it is in the general fall from grace. They will always be with us but the number of malls per capita is going to shrink
Colorado has low black population and your two biggest cities are boomtowns....or you’d deal with that as mall death too
In the south black creep will kill a mall quick
I’ve seen this since the early 70s
Build a mall multilevel in high end urban area or way out where its rich white bucolic
Like Franklin TN where I live...
But since we now have the only safe multi tiered mall price wise in metro Nashville we get a lot of riff raff coming out here
Its funny...the new model is like better decorated clustered shopping centers in the 50s and 60s
Like the Avenue in Murfreesboro TN
Malls are just not the ideal anymore
Nashville like Denver or Austin has a huge immigration of youth hipsters taking over city core
I expect new retail concepts to accommodate
Lupton Simon Crowe and Davenport families take note
I refer you to posts 12, 16 and 43.
The fall of shopping malls is a sign that the middle class is failing because tax laws and business regulations are killing the middle class almost quite literally.
It would be a perfect location for section 8 housing.
Load the place with leftover FEMA trailers.
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I don’t know if you were joking, but you actually pretty close to being right on target.
in 2005 Katrina refugees were housed in the Windsor Park Mall here in San Antonio. The mall was alredy dead and vacated, so it made the perfect spot for displaced refugees.
I worked accross the street from that place at the time, and the things I saw!
Thankfully, my employer hired full time Security to guard the cars in the parking lot.
Hmmm... the Fed is loose on money yet, the graph tells me that it isn’t changing hands at a robust rate at all. In other words, not much transaction (i.e., purchase of goods and services ) going on.
Maybe if we had politicians in congress and in the white house who cared about helping America instead of themselves and they wall street buddies then the malls would be filled with shoppers.
I absolutely HATE going into malls. I got dragged into one during this past Christmas season. I couldn’t help but to wonder why in the HELL anyone would want to physically go there and experience that, when they could shop online.
#11 Circuit City did this and Best Buy does this. Loud music is not a way to entice people to stay and shop nor is having bland “progressive” music playing from today’s music karaoke stars. They should have happy upbeat music generally without words playing. I have been in grocery store where the music has sad songs playing.
Well, the deadmalls.com website has been around since 2000, if that tells you anything.
Zerohedge is HARDLY “communist”.
If I had to assign ANY ideology to their site it would probably be ‘Libertarian’, but there really isn’t an overall ideology on the site. (there MAY be a few ‘commie/socialist/liberal’ users that post there)
Yeah, that NRV Mall is usually DEAD, except for MAYBE around Christmas, or when college is getting started. Lots of empty stores in there. Not even a toy store.
"Four Seasons Mall in Greensboro NC is a good example. Full of nice stores and you can still get a cap busted in yo azz in the parking lot."
I had the misfortune of going to that one last year. Didn't look like there were many actual shoppers. Only shop lifters, gang-banger types, with drug dealers. The whole time we were there, I felt the need to have a weapon drawn to give cover to my wife.... and this was just after lunch during a WEEKDAY! lol (ironically *I* was the one to get bothered by "mall security" because I had an 'e-cig') I wouldn't go to that place on a Saturday night without full body armor and automatic weapons! I believe they had some sort of gang battle/brawl around that place sometime during the past couple of years with over 200 "youths" involved. It didn't make the national news or anything, of course.
I'd rather just stay out here in the woods/mountains, and shop online. They can have their malls. lol
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