This is just flat out bullsh!t. Let’s just say for arguments sake that this craziness is happening. Because even if it is, as of now, no one has bought the mall, it isn’t sold. And before anything can be done with the mall, it’s going to have to be purchased. That means once a real, public sale has been agreed to, with real financing, that the sale will have to processed and closed. That takes at least months. Since the federal government is involved, it might well take much longer than that.
Once purchased the mall is going to have to completely overhauled. That means surveys, and architects and engineers to redesign the mall and then the new owners will need to get rid of or move tenants based on that design. Those pictures you saw are not designs. No one spends real money on real designs on something they don’t own. All of you have seen is a mock up, and a cheap one. The design step alone could take a year or more. Now design can be done once a property is under contract, but as of now, there is no contract and you certainly can’t move tenants or change leases until the sale is closed and you have actual physical control of the mall. Ending leases, and moving stores takes negotiation and legal work, if a store moves the new store space has to be designed and built. It takes a lot of time. Closing on a sale of the mall, redesigning it and moving tenants as needed conservatively could take well over a year, if not years.
Then only after all of that, you would have actual construction which could take months to years. Even if the mall were to be sold today, which it won’t be, it would be at least two years before the center would need someone to build displays. And why would the owners build the displays, isn’t that the work of the tenants? Crossroads does not build the displays for any stores today, why would they do so in a wholesale environment?
No one has been contacted about building displays, no displays would be needed for years, and the mall owners wouldn’t do that work anyway. it’s simply not true, it makes no sense.
I’m to the point you aren’t just deluded, you are lying and full of crap.
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