I was thinking about this today because I'm looking for locations to open up mall kiosks.
http://en.wikipedia.org/wiki/Northwest_Plaza
This place closed last year and is being torn down. One would have thought that being situated next to two interstates, a populated area, and a major airport would have kept it going. One by one, the major anchor stores like Macy's and Office Depot packed up and left. We almost got an Ikea there but they wisely changed their minds.
http://www.redorbit.com/news/science/26 ... =r_science
I live within a couple miles of the longest outdoor strip mall in the country, but a quarter of the spaces are now empty. Worse, its built on a huge flood plain that was eight feet under water in 1993 so insurance is expensive.
Being situated in a "Transportation Development District" means I pay higher sales tax to shop there too. On top of that, the strip mall is located 5 minutes from the Chesterfield Mall, so these two major retail areas are competing directly with each other. The mall gets pretty packed on weekends with movie and restaurant traffic but the shop activity seems pretty dead.
http://chesterfield.patch.com/articles/ ... nty-center
So is this the end of suburban sprawl or just a result of the recession? Is it just a regional problem?
I know its trendy now for people my age to shun the burbs and run to the city where you have to ride the bus, smell the homeless, deal with pollution, and pay high rent for the so-called "atmosphere", but I wasn't a privileged kid who grew up in a mcmansion with Alan Thicke and Joanna Kerns as my parents. I can still appreciate low crime, friendly neighbors, and green lawns.
In contrast...
When I went down to Texas, it was like stepping back into 2000. Mall parking lots were packed. SUVs and trucks made up the majority of vehicles on the road. Residential and commercial areas continued to grow with new developments built even further from the city center.