Metcalf South Mall
Description
Metcalf South Mall located at 95th St and Metcalf Ave Overland Park, KS. It first opened in 1967. This mall has been one beautiful mall over the many years that it has been pretty much empty. I can remember as early as the mid 1990s the mall started to fail. It has been this way for over a decade! Macy's(former Jones) and Sears store are the two anchor department stores that accompany the mall. Not much in between though. It is very sad. The reason of the dead malls is very well due to this - " In 1954, Congress changed IRS rules to effectively make shopping malls the mother of all tax shelters. The change allowed developers to depreciate, or write down, the value of new buildings in seven years instead of 40. The rule made it easy for developers to show losses instead of profits and encouraged the frequent trading of property, which led to the shoddy construction and inadequate maintenance that have contributed to today's dead-mall phenomenon." Malls have a natural lifespan, as population centers shift, architecture evolves, and shopping habits change. But a sharp recession is clearly accelerating the demise of vulnerable retailers--and some of the shopping centers they inhabit. Plunging sales are one obvious reason. Many retailers are also saddled with heavy debt taken on in recent years to fund aggressive growth. And the credit crunch has made cash scarce for firms that need it most. Song playing is called "Under" by Brian Eno. The song was also featured on the <b>...</b>
Keywords
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