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To prevent blight, local governments are buying dead malls

from Bisnow

In the bifurcation of the retail world since the recession, winning malls attract shoppers and tenants, while losing malls attract neither and risk becoming derelict. When private investors have lost interest redeveloping such derelict retail, in a few cases local governments have stepped in to acquire the properties and possibly find another use, the Wall Street Journal reports. more

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