The mall business took a hit over the last decade. All across America, many malls are either closing or near vacant. The upper end establishments fared a bit better although not immune to a downturn.
This is why a New York City project that cost $20 billion raises an eyebrow. After years in development, it opens Friday. A collection of retail, apartments, office buildings, and restaurants, the project is being touting as the future.
Many are not so sure. The reviews were mixed. Considering the environment we are operating in, this could end up as a deserted city at some point.
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