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Originally Posted by J.OT13
The mall's size peaked around 1990,....
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This is what I don't get. What justified that size of mall? The population of Orleans (and Clarence-Rockland, etc) was even smaller back then.
Quote:
Originally Posted by J.OT13
I don't understand how the mall owner hasn't built a few residential high-rises on the property to gain built in potential customers.
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Land banking. Perversely, the land is worth more they longer they wait and the rest of Orleans gets developed. To them, there's no point even entertaining this discussion till every spare lot they don't own in the area gets developed.
Just look at the giant field that Richcraft owns near Cyrville Station. Not being touched while other developers are putting up 20 - 30 storey buildings in the area. I wish there was some way to penalize this practice.