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[QUOTE="FrancoPizza, post: 1657424, member: 5195"]
And you know this how?  Terms of lease agreements are closely guarded by both parties.   If you're trying to read between the lines because of statements made by struggling tenants who were ultimately sued by the landlord (e.g. IHOP, Toby Keith's), that's a one-sided view of things.  Not every tenant is going to be successful.   Even successful malls have turnover.   You can argue that the expansion was too big for its britches once the economy tanked, but that's a different argument than the one you're making.   The turnover rate was naturally going to be higher since they have a lot of new space to fill and because they are more or less experimenting with new retail concepts.  The new entertainment and restaurants have added great value to the mall's portfolio if you ask me... and they are in talks with another major attraction that would take upwards of 60,000 square feet in the Canyon.   Now I'm sure the outlet strategy isn't meeting projections, but you'd also have to be naive to take those projections at face value.   And seeing as I'm not a woman, I could care less about outlets.   Most malls are over-saturated with retail anyway... and the ones that survive and thrive are the ones that recognize and stay ahead of the trends toward diversification.  With the Inner Harbor development and a possible future hotel connected to the mall, I'd say its outlook has a lot more upside than you're forecasting.
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