How Do You Save a "Mostly Dead" Mall?
|From the Urban Land Institute report on Southwest Center: "More than half the floor space is vacant -- feels lonely"|
There was a piece in The News on Saturday, the day after the panel made its presentation to city officials, but it's worth reading the report in its entirety, as it's filled with the very suggestions of which Rasansky was afraid earlier this spring, among them:
- Form an expanded tax increment financing district, including Executive Airport, to finance public investment in revitalization, job development and housing rehabilitation.
- Initiate a community-based revitalization strategy that finalizes development options and produces zoning consistent with revitalization.
- Buy the Dillards and JC Penney parcels immediately to reduce the number of owners and to gain site control.
- After the community-based revitalization strategy is created, recruit a developer or developers to implement the plan.
- Negotiate public private and civic partnerships that address the viability of the development.