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THE REMALLING OF AMERICA

Published Wednesday, May 01, 2002

BY THE TIME PRICEWATERHOUSECOOPERS RELEASED a report in early 2001 declaring that nearly 20% of America's regional malls were on the endangered list, mall owners and investors were already painfully familiar with the problem. The projects of the 1970s and 1980s — massive, enclosed shopping centers set down in a sea of asphalt and anchored by department stores — were hopelessly dated and out of step. The buying public had voted with its feet — or tires — and opted for the big-box discounters and specialty retailers. Some of them were even heading to the trendy stores and ...

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