we have lost three malls. City Creek really was timed perfectly with the down turn in retail. Hopefully the retail market will be strong by opening day.
Cottonwood Mall is gone and really feeling the impacts of the economy. It was bad before, but by not progressing, it is really bad.
If all three malls were still in existence, There would be a lot more retail vacancies. You figure we basically took 1.5 million square feet of retail out of the equation. That is a lot.
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