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 <karlagra...@gmail.com> 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> > . > > >
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