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[QUOTE="IthacaMatt, post: 3882975, member: 405"]
Downtown's problems are made worse by the dynamics in people who have experienced working remotely not wanting to be forced back into the office.  Part-time, sure, but those details are all being worked out.  Companies are considering smaller offices, etc.  Landlords have to be nervous.

Commercial real estate prices are about to collapse.  I drove by the big strip mall you see on the way to the airport on 81 North last night, just past Northern Lights.  Damn near every store was empty.  Destiny is in trouble financially.

The whole Downtown economy is at risk right now, regardless of the inflationary "magic" the real estate brokers have woven with the prices that desperate people coming out of the pandemic are paying for suburban homes right now.

That ain't happening Downtown, nor is it happening for the commercial real estate market in general right now.  If I was an urban planner, I would be researching alternative government / quasi-government / medical services / public uses for shopping mall space.

You can't just let these assets rot in the hands of people like Moonbeam, who are nothing but speculators in a down market.  Cities have to be more aggressive about using eminent domain to recapture the tax delinquent "lost" shopping malls, and turn them into productive uses so the asset isn't destroyed.  Get [I]something[/I] out of the bad situation.
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