The 10 most valuable malls in America before the coronavirus pandemic
People are seen walking through Roosevelt Field shopping mall in Garden City, New York.
Shannon Stapleton | Reuters
Before the coronavirus hit, America’s most valuable malls were driving billions of dollars in sales annually, contributing hundreds of millions of dollars to local tax coffers.
Now, nobody knows what those numbers are going to look like coming out of the Covid-19 crisis — other than definitely being a lot less.
Malls started temporarily shutting down in March to try to help curb the spread of the virus. In some states, such as New York, malls have still not been able to completely reopen. Gov. Andrew Cuomo, for example, has said that New York malls will need high-quality air systems that can filter out the coronavirus before they will be allowed to open their doors again.
Many shoppers, meantime, are hesitant to return to malls …continued .
[Source: CNBC News]