So, they are going to build another mall, which will house a whole bunch of empty storefronts, an MC, Pizzahut, Wendys, and all the other restaurants you find in every bloddy mall here.
If it is located near a school or university, it will fill up at noon with a couple of hundred screaming kids who want to eat the junkfood, and then it will die again.
Mind you, Pichardo, I get the point as to where building the mall will provide jobs, for a short time. And yes, that is positive. I also get the point that private investors could not care less about the orphans, etc... as they do not bring in any money.
Then again, the malls you mentioned in the UK, and the US, they bring return on investment through rent. Empty storefronts here only cost the investor, so there must be another reason behind building it.
If on the other hand they would invest in social housing, with affordable rents, and in a safe area, they would get return on investment. Hell, I would even throw in a decent school, with decently paid teachers, because, think about it. Educated people living in my social housing project, will get better jobs, be able to afford a higher rent, and will be able to buy stuff at the tiny little shopping mall on the premises, but with stores with goods people need and can afford. Hell, maybe some of the kids who went to school thanks to them, would even rent a storefront from them...
Mind you, I am dreaming, as this mall is not about making money, it is about laundering money. Something else entirely.
BelgianK
wonderful insights, BelgianK