News and Events
Mall's Demise Could Doom Community
Sharp jump in store vacancies and a frozen credit market could force closures, resulting in loss of vital revenue and jobs.
Oct 16, 2008 CNNMoney.com Parija B. Kavilanz
With thousands of stores closing in the economic downturn, the increase in empty space at the nation's shopping malls is leaving a hole in the hearts of once-vibrant communities.
With one-quarter or more of some shopping centers empty, the decline - or even the demise - of a mall can have a devastating economic and social impact.