The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
[Report] 30% Would Pay Higher Taxes To Repurpose Old Shopping Malls
Abandoned shopping malls, once symbols of consumerism, now stand as relics of a different time.
As this prime real estate sits vacant, I wanted to send you a new report on how Americans are reimagining shopping malls. According to a nationwide survey, more than two thirds of Americans live within an hour of an abandoned shopping mall and many want to see them turned into something useful.
- Some of the ideas for repurposing old malls include: parks, community centers, housing, businesses and retail space
- 3 in 4 believe the government should provide incentives for repurposing abandoned malls
- 30% would pay higher taxes if abandoned malls were turned into community space or housing
But almost two thirds would rather see a shopping mall comeback. 50% miss going to malls, even though the majority of Americans (61%) prefer to shop online.
Take a look at the full report which includes more on why American believe so many shopping malls have closed.