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Local Malls, Stuck in ‘Death Spiral,’ Plunge in Value

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Local Malls, Stuck in ‘Death Spiral,’ Plunge in Value

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https://www.wsj.com/articles/local-malls-stuck-in-death-spiral-plunge-in-value-a7998b7d


LOCAL MALLS, STUCK IN ‘DEATH SPIRAL,’ PLUNGE IN VALUE


CRYSTAL MALL IN CONNECTICUT, WORTH $150 MILLION IN 2012, RECENTLY SOLD FOR $9.5
MILLION


The cut-rate sales price of Crystal Mall in Waterford, Conn., shows how fast the
fortunes of U.S. regional malls have fallen in recent years. Johnny
Milano/Bloomberg News

By

Kate King


July 31, 2023 5:30 am ET

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WATERFORD, Conn.—Crystal Mall’s parking lots used to be so crowded that parents
would line up to drop off their teenagers near one of the entrances rather than
search for a spot.  

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