Powerpoint presentation on shopping mall project

#POWERPOINT PRESENTATION ON SHOPPING MALL PROJECT FULL#

Federal incentives to convert dead malls into human service centers represent a high leverage, high impact opportunity. The ongoing pandemic recession requires additional federal relief investment.

But during this historic shift to online shopping, it is a widespread opportunity to turn a big problem into a big asset. Public private partnerships for converting dead malls into human services centers isnРІР‚в„ўt a quick fix - these deals take time to develop and finance. The Kearney School District office and early learning center in Kansas City is also a converted grocery store. iLEAD Academy is a small project-based high school in a converted strip center an hour north of Louisville. In the 1990, some of the first charter schools including Highland Academy in Alaska and the first Aspire Public School in California were in converted grocery stores. There are hundreds of schools in converted strip centers. Some of the malls are being renovated to include housing and new mixed retail. The development of High Tech High began the renovation of the Naval Training Center in San Diego into Liberty Station, now a vibrant shopping and mixed income housing center and the best example of school-centric urban redevelopment in the country.Р”Р„mazon is partnering with Simon Property Group to repurpose old malls into fulfillment centers. The development partnership kept community, learning, health, and art at the core and was made possible by 30 forms of public, private and philanthropic funding. Located in an abandoned 1.5 million-square-foot Sears office and distribution center in Memphis, Crosstown Concourse is an innovative vertical urban village including theaters, offices, health providers, a YMCA, a college, a high school, restaurants, and 265 apartments. Repurposing malls as human development centers extends services to the community, provides some economic benefits to cities, and salvages some return for real property owners. Some of these could be government services, some nonprofit organizations, but some will have viable for-profit business models. Presentation, exhibition, entertainment and event space.Thrift stores, food and clothing banks.Small elementary and secondary schools,.job services, workforce training, and college extensions,.Given the need for 500 of these catalytic development deals nationally, there is opportunity to build a new kind of tenant solutions firm that builds bundles of national and regional human services including: It almost always requires strong public-private collaborations that achieve community development goals while salvaging commercial value. Resuscitating a dead mall takes creative problem-solving -Р’В it creates conditions and incentives that cause aligned investment and cohesive development. ItРІР‚в„ўs catalytic in the sense that a deal wonРІР‚в„ўt get done without it. The key is reversing a vicious cycle and that takes a catalyst-a big impact investment (a grant, guarantee, or reduced return expectation) and a big tenant (or a bundle of viable tenants).Р”В¬atalytic capital, according to the MacArthur Foundation, is patient, risk-tolerant, concessionary, and flexible. Solutions require a new shared vision of whatРІР‚в„ўs possible, a bit of catalytic capital, and a dose ofР’В creative deal making-civic, commercial, credit, and community leadership (at least two or three of the four). The rampant vacancies in malls and strip centers that could be an affordable opportunity for public-private partnerships to create human services centers. Regions and segments of economy - disproportionately impacting women of color - are likely to remain depressed for another year or two.Р”Р„lmost every American community would benefit (short and long term) from better access to learning, work, and health opportunities for all. Federal relief helped in April but ran out during the summer.

#POWERPOINT PRESENTATION ON SHOPPING MALL PROJECT FULL#

In March when half the working population was plunged into unemployment, it became a full on national disaster. In February it was obvious that the growing inequity, dislocation and retraining needs of the innovation economy meant that nearly every community had unmet public needs. Soon most communities will have empty strip centers and a dead mall. Coresight Research estimates 25% of AmericaРІР‚в„ўs roughly 1,000 malls will close over the next three to five years. These dead malls and strip centers are not only a sign of a declining retail sector, it is a disaster for communities that relied on the property and sales tax to fund basic services.Р”Р„nd there is more to come.

Powerpoint presentation on shopping mall project