Wednesday, April 24, 2019

Fading Away

 It appears yet another shopping center-mall-outlet mall-strip mall - whatever you call it is fading away in Mississippi. Check out this one in Batesville.















37 comments:

Anonymous said...

https://www.barrons.com/articles/hedge-funds-makes-a-big-bet-on-shopping-malls-1523468745

https://www.bloomberg.com/news/articles/2018-10-02/america-s-malls-aren-t-dying-as-fast-as-some-traders-would-like

Securities law, corporate finance and basic economic studies. All very interesting.

Anonymous said...

A future medical mall.....

Anonymous said...

A future ACT testing center closer than Waynesboro?

Anonymous said...

A future state agency leased facility.

Anonymous said...

Very sad for our state. Shops are closing left and right. There’s just no jobs to support such extravagance.

Anonymous said...

@11:21

What Colossal BS.... there are plenty of jobs available. Heaven forbid you might have to go to WORK every day or maybe MOVE to get a job. The jobless rate in MS is the lowest it's been since they started tracking it in 1990, that's 19 years if you can't do the math yourself and in the country it was only lower in 1970!

Madison Rulz said...

Really? But it was so aesthetically pleasing. Everything would have been fine if they had put the entrance sign at ground level.

Anonymous said...

Debt-fueled consumptive gluttony of (too often) foreign manufactured goods is not a long term economic model. After the smoke clears on the brick-and-mortar collapse online sellers like even the mighty Amazon will hear the Reaper's call.

Anonymous said...

Attn 11:21 You stated "if you can't do the math, that is 19 years". 2019 minus 1990 is 29, not 19. Are you sure you completed those GED courses?

Anonymous said...

There is only so much crap that's made in China that people need/want to buy any more. And may of those that are living on some form of welfare or some other government payment can only afford to splurge at a Dollar General.

Anonymous said...

This brings up an interesting question I've been wondering about since I first saw the construction. Why did the city of Ridgeland approve the new mini-strip shopping center thing just before the corner of Rice and Old Canton (reservoir side and in front of the houses) when just down the way the strip by the Chevron (where the Monroe Donut shop used to be) has vacancies and the strips just up Old Canton have vacancies also? Are nail shops and liquor stores getting to the point they only want new construction?

Anonymous said...

"they started tracking it in 1990, that's 19 years if you can't do the math yourself and in the country it was only lower in 1970!"

That's 29 years the way most people count. Hope math isn't needed on your job.....
======================================================================

So many people buy stuff online or mail order I think it is inevitable there will less demand for brick and mortar stores.

Anonymous said...

I've passed the place dozens of times headed up 55 and back down. It always reminded me of a strip of nothing but Dollar Trees and Sally Beauty Supply stores. Where will The Grove crowd get tablecloths and straw hats now?

The place served its purpose 25 years ago. Sorta like Northpark Mall.

Anonymous said...

Brick and mortar stores are coming back!

They are being used to store coal and beans from the stupid people who are still reading this.

Anonymous said...

12:39, because it isn't the city's place to determine market need. They approve projects as to whether they are appropriate for the zoning, design, etc. The investors determine whether their project will be successful and I'm sure they considered the other projects you have pointed out down the street.

Speaking for myself, I'm glad that the government (city, county, or state) are not in the business of regulating whether there is a need for a development project. Now, if we could just get them out of determining if there is a need for individuals in a profession (i.e. occupational licensing) and if there is a need for medical services (i.e. Certificates of Need) it would be the beginning of putting the government back where it belongs.

Anonymous said...

One of the community colleges is going to use the space for a Batesville satellite location here shortly. I think NWCC.

Anonymous said...

Slightly off topic, but is Batesville a suburb of Oxford, or is Oxford a suburb of Batesville? Never been able to figure that one out.

Anonymous said...

Maybe if gangs didn't burn up girls and they didn't have corrupt LEOs and the County cared for more than a good football team, Batesville would be worth a flip. All that case did was expose how messed up that area is.

Anonymous said...

Retail that creates an experience including awesome customer service is thriving. Places like this that were designed to sell crap, by people who don't give a crap, are closing and I say good riddance. I am sick of them littering the byways.

Kingfish said...

Y'all disappoint me.


UMMC will announce it purchased the property for its new Telemedicine Center and pediatric center for North Mississippi. It will subsequently get the legislature to pass a law requiring all Medicaid children in North Mississippi to use that pediatric center for services.

Anonymous said...

No more occupational licensing? Great idea - let's let every moonbeam who thinks he's a mystical master of the healing arts hang out a shingle and call himself a 'DOCTOR". Why bother with education and training? Let the buyers decide!

Dumbass.......

Anonymous said...

I don’t ever remember much being in this center. Was it ever really occupied?

Anonymous said...

KF @ 3:00 pm: First, UMMC will have the legislature amend the CON statute to exempt UMMC.

Rod Knox said...

Yes 12:05, debt fueled consumption is keeping us fooled. We are being pumped up with offers of zero down and zero interest with 1.5% monthly kick backs and zero interest credit card balance transfers. Life will be great 'till we begin to fall over the edge. Then who will be blamed?

And when we approach the edge and automakers find they have sold 5 years ahead of the real market and similarly with furniture, homes, etc., we shouldn't be surprised when STAGFLATION rears its head again. 18% mortgages and 27% auto financing into 12% unemployment might be even tougher the second time around.

Anonymous said...

3:01, and if you are wanting a moonbeam to heal you, you've found your person.

Frankly, I'm more interested in knowing what university the individual graduated from, (and in the case of a doctor, where he did his residency, etc.) If the doc has graduated from a reputable med school, I care much more than if the State Board here has given him another test that they obviously feel is more important than those hundreds taken while in school.

Lawyer, where he went to school and what he specialized in, if any, more so than that the MS Bar has decided that their testing is better than the schools.

If the lawyer went to a little school in South Texas that graduates the likes of Councilman Kennuf Stokes, I don't care if the MS Bar has said he passed their tests or not if I'm looking for someone to help me with a complex tax issue.

Next, though, get it down to the basics. Do you care that the Barber Board has given your haircutter a certificate and he paid his fees? How about your interior decorator; let's make sure she has been certified by the licensing board - can't take a chance on getting a bad paint color in the kitchen or on your stucco fireplace walls.

Anonymous said...

Most of the time I go looking for something in a big box store they don't have it. Its is easier for me to go online and buy what i'm looking for.

Anonymous said...

I thought this thread was about the gigantic, obnoxious blue and white strip mall on 55 in Batesville closing down. Now I learn it's about the Mississippi Bar, various boards, hair-cutter fees, auto-makers and UMMC.

Nothing about William Winter and the Ole Miss Statue?

Anonymous said...

The Batesville Outlet mall has very high occupancy until the legislature decided to pass the developer sales tax incentive program/ rebate which in turn led to the Tanger Mall being built up to the North. The vast majority of the tenants then left Batesville for the newer tax payer subsidized mall. It is very difficult to own a retail center in today’s internet world but impossible to compete against a tax payer subsidized newer version. I believe The same program helped fund the outlet in Pearl. I would need help verifying.

Anonymous said...

That place in Pearl will be a ghost town in two years if it's not already one. Most people over that way shop at the flea market anyway.

Kingfish said...

Won’t bother me if it shuts down. Nothing special about it anyway.

Rod Knox said...

Ive visited the Tanger Mall in DeSoto county twice and the only cars in the parking lot belonged to the employees and the prices were outrageous.

Tupelo has seen 2 major malls close in recent years and Barnes Crossing is looking weak these days while the Sam's Club across 145 is booming every time I pass it as are both Wal-Marts here. The Mall experience is a fading trend, no doubt.

Anonymous said...

Outlet malls need to close. Cheap junk branded as the real thing. Good riddance.

Anonymous said...

it will end up as the north mississippi offices of some stinking state government administrative agency.maybe the dept of marine resources. after all the rivers up there all flow into the mississippi and the mississippi eventually enters the gulf. perfect for a bunch of gold brick government appointees to make a six figure salary to not do anything all day. remember, GOVERNMENT is the biggest growth industry in mississippi. all brought to you buy your precious ms republican party. the party of "limited" government.

Anonymous said...

Might as well shut it down, they don't have any 1st round draft picks up there, move it to Starkville that's where the money is.

Anonymous said...

7:10 - Please pay attention. They's plenty money up there. Where you been? Not anyone can match them folks for bucket-loads of cash. Noooobaddy.

Rod Knox said...

I would attempt to be more specific on that "limited government" description 1:03. Possibly limited foresight. Possibly limited knowledge of finance. Possibly poor reasoning skills. But both parties see no limits to their ambitions for making the government benefit them and their friends.

The right and the left have so much in common yet they throw down in grand grudge matches for the benefit of their constituencies and change parties like they were changing pass words on Facebook. Today's political leaders aren't quite as corrupt as Huey P Long but he was funny and took good care of the hard working white people of Louisiana. Bryant, Reed, et al just take care of their big dollar contributors over and under the table.

Anonymous said...

https://about.panolacounty.com/northwest-mississippi-community-college-campus-in-works-for-batesville/

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