Quote:
Originally Posted by Locke
It seems to me that building a mall in the middle of nowhere without some anchor tenants was very short-sighted.
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Well, there's half a million people within very easy driving distance, plus the draw of CrossIron, which you've already noted as a success. Though, of course, a mall catering to Asian shopping tastes being nowhere near Asian population clusters was pretty stupid.
The failure of this mall really comes down to the short sighted sales strategy of the builders. They've apparently sold every stall, but didn't ensure that they were selling to people who would actually run shops. Instead, the entire thing was sold to vultures who thought to profit by inserting themselves as an unnecessary layer of management/bureaucracy. So if there's one silver lining to this, it's that they are all getting absolutely wrecked.
The question is, can the mall recover when those vultures find themselves forced to sell at bargain prices, hopefully to people who will open shops?