Fulton Center mall operator wants out of FiDi lease over crime and homelessness concerns (New York)

NBCNewyork ^ | 3-13-24 | Erica Byfield

[dynachrome]

The company that runs the Fulton Center mall told the MTA last month it wants out of its lease because of crime and homelessness issues.

Westfield signed a 20-year lease with the MTA, but wants to exit operations at Fulton Center more than 10 years before the end of the deal, according to a lawsuit the New York City Transit Authority filed days after receiving the news from the mall operator.

The Fulton Center shopping complex operates above a transit hub that services eight subway lines, and is the busiest subway complex in Lower Manhattan, according to the MTA. The transit hub opened in Nov. 2014 with Westfield and the MTA entering into its lease in May of that year.

[dynachrome]

If MTA wins the suit, then what? It's a new shelter for illegals?

[Leaning Right]

Moral of the story: If you’re going to sign a lease in a Democrat-controlled city, be sure there’s a clause allowing you to exit early due to a spike in crime.

Or maybe just stay out Democrat-controlled cities altogether.

[Bon of Babble]

This is happening all over in blue cities and states, such as San Francisco where the major downtown shopping areas have turned into abandoned ghost towns.

I wonder what the connection could possibly be?

[T.B. Yoits]

It’s all fun and games when taxpayers fund your mall under the guise of a “transit hub” but not so fun when, even with those subsidies, you still can’t make it work.

[cableguymn]

Cash did a story on youboob about this mall.

The city designed it. It’s a disaster.

The same company runs a mall across the street that us doing much much better

[Libloather]

Fancy.

[paulcissa]

Cash did a story on youboob about this mall.

A very informative video. Amazing how architecture can make or break something like this. I personally wouldn't get on the subway in the first place and secondly wouldn't be brave enough to shop there.

[moovova]

I wish it was Simon’s Properties (Malls) taking it up the food court. Hateful, hateful property group.

[Organic Panic]

I have family that lives in a nice part of Pasadena. The city fought tooth and nail against a “transit hub” that would connect the s hole parts of Los Angeles to the shopping mall. It just wasn’t fair “teens” had to rob their own stores in their own neighborhoods.

[Pajamajan]

Keep voting Democrat.

[GOPJ]

Moral of the story: If you’re going to sign a lease in a Democrat-controlled city, be sure there’s a clause allowing you to exit early due to a spike in crime. Or maybe just stay out Democrat-controlled cities altogether.

Good idea LeaningRight.

[Mr. Jeeves]

The big risk these days is signing a lease in a Republican-controlled city that vote fraud transforms into a Democrat-controlled city before your lease term ends.

It was easy to predict New York's failure - but some hot edge cities get blindsided by relatively quick attraction and importation of urban youth culture.

[No name given]

I would just stay out of demonrat run cities.

[No name given]

If you want failure. Otherwise, ditch the demonrats and vote conservative.