3 ms·

It's embarrassing when it's your home town, and everywhere else in that area is becoming nicer and more gentrified.

• ethanbond 3y ago
  All the more incentive to hang onto the failing mall: the land underneath it continues to grow in value while the owners put in no work and hardly any taxes! No wonder it’s one of their portfolio’s stars.
  • toomuchtodo 3y ago
    Eminent domain? Sounds like the perfect use to force demolition and redevelopment. Perhaps it’s just a matter of putting the resources together to legally fight the mall owner until you exceed their economic pain tolerance for litigation. A land value tax is ideal, but that will take substantial time to work towards. You can get this done today. https://en.wikipedia.org/wiki/Kelo_v._City_of_New_London https://en.wikipedia.org/wiki/Kelo_v._City_of_New_London (“Wikipedia: Kelo v. City of New London“) (I was not a fan of this SCOTUS outcome for obvious property rights reasons, but it seems ideal for use against the capital investment opportunists described in this piece)
    • anticensor 3y ago
      > Perhaps it’s just a matter of putting the resources together to legally fight the mall owner until you exceed their economic pain tolerance for litigation. The problem is certain companies would fight it to death.
      • bdcravens 3y ago
        As they should. Even in situations where it should be applied, the burden of proof should be exceptionally high.