Has anybody asks them how they are doing and what changes in the environment would hurt/help them? How are they doing now? Lots of new foot traffic a plus? RIse in rents a dela killer?
I have not seen them asked and/or invited to meetings, so how do we know? ------ Sara Mattes > On Dec 16, 2023, at 4:01 PM, Rich Rosenbaum <[email protected]> wrote: > > I would note that mall 'viability' goes beyond its P&L statement. Do the > stores get enough foot traffic to remain viable? > Is the mall considered high enough quality space to attract new retail > tenants? Keep the ones we have? > > I don't know the exact answer to these questions but a mall without tenants > won't remain profitable. > > As has been pointed out, the challenges we face are complex and > multidimensional and (in my opinion) cannot be reduced to any single factor. > > Rich Rosenbaum > member of town committees but speaking as a citizen of Lincoln > > > > On Sat, Dec 16, 2023 at 3:33 PM Karla Gravis <[email protected] > <mailto:[email protected]>> wrote: >> I would like to address this statement in the email below: >> >> “The facts are that the Mall needs help to remain viable” >> Let's not conflate the RLF finances with the Mall finances. >> >> The 990 filings indicate that the Mall itself has been consistently >> profitable over the last five years >> <https://projects.propublica.org/nonprofits/organizations/46132391/202222509349300837/full>: >> 2018: $80,399 >> 2019: $191,279 >> 2020: $122,519 >> 2021: $111,795 >> 2022: $164,571 >> Now, in terms of the RLF finances, if there is a concern about its >> sustainability, perhaps there should be a reflection about its cost >> structure. The Concord Land Conservation Trust, which oversees double the >> acreage (more than 1,000 vs more than 500 acres in Lincoln), has expenses of >> $187K versus $334K for the RLF/LLCT >> <https://docs.google.com/spreadsheets/d/1rFLf4j0m6zzM3qOox3b_I0xDz2RCX0Bxxw_W8msll_A/edit>. >> >> > -- > The LincolnTalk mailing list. > To post, send mail to [email protected]. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/. > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. >
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