Does Amazon accept EBT?
This is the situation in Metro Detroit, where I used to live
The key point is that lower income young people are terrorizing malls. Just a few days ago, two black punks (15 and 17 year olds) held up a shopper in the parking lot of SouthPark mall, the top “A” quality mall in Charlotte and maybe even North Carolina. They were quickly arrested, but the fear will ripple.
NorthLake mall in Southfield Michigan is described in the Freep article. In the 1980s, Southfield was the prime territory to find the people who fled Detroit or still had to live in the city limits for job reasons and shopped in Southfield. I think I was there once and felt decidedly unwelcome because of my light skin color. It was a long drive and I never went back. It is now owned by the city of Southfield and just like Eastland Mall in Charlotte, they can’t just do a tax sale and let market forces decide what to do. The purchaser must agree to a long list of demands like below market rent housing, so years go by and the property and surrounding neighborhood continues to deteriorate.
Much to the dismay of Countess, I have shares in Simon Property Group that specializes in “A” malls – not because I expect Donald Trump to make malls great again, but I think Simon has the clout and experience to repurpose the land to something valuable. It is off by 10%, while Amazon is up 133%. I consider SPG to be an AMZN hedge…