Figuring out what to do with overbuilt retail could become part of creating a better suburban economy, no? One suited to present reality better than dreams of endless, mindless growth?
We recently went along on an organized walk to see a mall here in Mississauga, Ontario that has replaced much of its retail space with services. One of its former anchor stores has been insurance company office space for years now. Many U.S. malls are in places where the surrounding economy is not as strong as it is here. That’s a problem. But if the dead malls are up and built on land already hooked up to municipal services then they are candidates for some creative thinking. We’d rather see a dead mall redeveloped than farmland destroyed.
Here’s what could happen to America’s hundreds of dead malls
Where a shopping mall used to be an opportunity arises
The decline of malls in America can mean lost jobs and lower tax revenues for states and municipalities — but not always