Prescott Gateway Mall plans for the future while facing a 30 percent vacancy rate

Prescott Gateway Mall
Prescott Gateway Mall

By Max Efrein | The Daily Courier

The story used to be that malls were closing across the country because of factors such as the poor economy, the emergence of eCommerce (online shopping) as a formidable shopping alternative, and the belief that traditional shopping malls were simply out of fashion.

Many malls are still struggling, but the story has shifted slightly as the economy gradually recovers and the number of malls has thinned due to closures, and the construction of many new malls has halted, according to recent studies.

Continued:

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