The Future of Malls
Bill believes that malls will continue to be important public gathering places, but the tenants need to innovate to attract customers. The challenge is that many legacy tenants have not kept up with market changes, and the capital cost to transform malls is high. However, Bill sees potential for entrepreneurial ventures to transform malls into mixed-use spaces with medical facilities, offices, apartments, and entertainment venues. Despite the isolation caused by the pandemic, people will still crave human connection and will want to go out to have a drink, dine, and be entertained as soon as it's safe to do so.In this clip
From this podcast
The Knowledge Project
Bill Ackman: Getting Back Up | The Knowledge Project Podcast #82
Related Questions
Why do we lose certain social connections as discussed in the episode "Why Economic Collapse Is Imminent" and the clip "Loneliness and Community," and how does it relate to the episode Bill Ackman: Getting Back Up | The Knowledge Project Podcast #82 and the clip The Future of Malls?
Will the pandemic affect city life?
Will people attend crowded events in the future after listening to Jim Bianco on the Market Crisis and the Fed and Recovery and Gatherings?