June 29, 2010
BrainTrust Query: Filling in the Gaps
FROM RETAILWIRE:
After decades of adding retail selling space faster than the population was growing, there is now over 46 square feet of selling space for every man, woman, and child in America. What solutions do you see for the glut of real estate at retail?
MY COMMENTARY:
We should do more of what was done here in Columbus. City Center, a 3 level mall built in 1989 in downtown Columbus, went defunct in 2009, a mere 20 years later. With a vote here and an approval there, the city made a park out the property. Now, any citizen can attend concerts, gatherings or just enjoy a pleasant break from their day. Where once there was only ugly steel, glass, white tile and bad merchandise stacked up to 100 feet, there is now respite and green vibrancy. Brilliant!
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