Government
Jul. 9, 2009
The Fall of the Malls
Cities that have depended on cash generated by auto malls are facing a dramatic decline in sales tax revenues, writes Gideon Kanner.
FORUM COLUMN
By Gideon Kanner The newspapers have been duly reporting the calamity that is befalling car dealerships. Chrysler and General Motors are in bankruptcy, and as part of their shrinkage have terminated a bunch of car dealerships to reflect the reality of drastically lower car sales. But there is more to this problem than just car dealerships. Over the years, many cities got the bright idea that if they created what is known as "auto mall...
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