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Many Limited Brands investors were reportedly unhappy about the huge expense of Easton. I enjoyed your article and agree Easton is unique -- Wexner brought things Columbus didnt have. It also has stiff competition that's less than ten minutes away by freeway -- and under a roof. Is Easton making money? Can it compete with Polaris? I'm always a little dubious of just how objective any Columbus media coverage of Mr. Wexner can be.
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When Mr Wexner is no longer running his companies, things will change for the worse. Easton is slowly being surrounded by urban decay. City "leadership" will spout bovine waste about how to stop the decay. Their plans will work as well as they did for Northland Mall and City Center. Online retail will triumph as consumers vote with their wallets.
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Is there any truth in the Westland Mall being converted into a "Weston"?
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Joined: Jun 11, 2009 Comments: 115 |
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2 its a vicious cycle!!! 1 Build a shopping center. 2 Make money for 20 years. 3 Sell it to someone else. 4 Build another 5 miles down the road. 5 Leave someone else (the city and the neighbors) with the problems that come with a huge abandoned development. 6 REPEAT easton might be a little better off since it is set up diferently but Tuttle Mall will be dead in 10 more years and polaris will fall shorly after. stop supportingg devlopers who erase farm land to build more sprawl! there are plenty of retail and development opportunities within existing city limits! SUSTAINABILITY IS THE KEY! |
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3 WE LOVE SPRAWL! The further we get away from downtown human debris, the happier and safer we are. Keep your social problems and your wrecked liberal municipal government inside I-270, please. |
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I'd like to know this too. |
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1 I like the walls they've been building around I-270. Hopefully it will keep you people in. If not, a barbed wire fence should do the trick. |
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Joined: Jun 11, 2009 Comments: 115 |
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1 LOL @ U for being so scared of everything! |
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1 Ramble, ramble, ramble, ramble.... |
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1 In 2003 I was co-chairman of a multi-state convention that took place at Easton. Once we took the committee members for a look-see...they were sold in a big way. None of them had ever sen anything like it, and it was a very, very successful event. Everyone loved Easton! I've done business in malls all over the USA, and I can tell you that Easton is unique, trendsetting, and hopefully, durable. Other Midwest cities would positively kill to have Easton. Save me a seat at Restaurant Hama! P.S....Still NOT from Salt Lake City! |
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2 From the perspective of a consumer who potentially and in real life is also an investor I personally see 3 major factors shaping our economy: #1 Demographics: Our locale (PA and The State of Delaware) has an aging population. I am an 'aging'(but young looking) baby-boomer...I remember my late mother, telling me when she was my age the following: "I have everything I need." Most of us don't need more 'stuff'...Still shopping can be fun and it is great exercise....So, what to do? Re-evaluate how we want to live. Maybe we no longer want to or need to own our own houses. If we were to become renters then we could buy some new things for our apt. and this could reinvigorate our economy & more shopping. #2. The weather. El Nino and La Nina are making people consider if they want to own homes. Wet, leaking basements & foundations. Not fun. Homw ownership's suffering from "The Katrina Effect" as well as the mortgage meltdown-implosion......Commer cial real estate, I am luckily not familiar with but obviously our economy does affect sales and so on. #3. Health Care Insurance premiums are too high. The more people use doctors and unnecessary elective surgeries, the higher costs are. Then people have less to upgrade to better homes, condos and co-ops. Speaking of co-op apartments: they are great. Co-ops are far better than condos and this could be a future idea for real estate... |
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Joined: Jun 16, 2009 Comments: 122 |
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2 You could have written the exact same story 25 years ago and substituted the words "The Continent" in place of "Easton" or 15 years ago substituting the words "City Center" - both now embarrassing centers of blight. |
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1 Easton was a nice idea and for the most part appears to have done well so far. Unfortunately, like most other areas Columbus City has touched with aggressive annexations over the past 50 years, it too will someday turn to crap. Look what Columbus did to Sawmill Rd., Morse Rd., doing to Tuttle, has done to City Center, the mess they are making out of Polaris, the list goes on... try keeping them out of the mix someday and end up with something that can actually be sustained. |
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