Risk or Opportunity Situations Abound

The Friday WSJ 5-22 front page article “Recession Turns Malls Into Ghost Towns” tells how up to 100 malls will move into what is called a “dead mall” status. Charlotte’s Eastland mall has the dubious distinction of being prominently described in the article. The article says the downturn began when the area near Eastland fostered low income housing, and goes on to describe the 200 million dollar cost to convert the mall to a mix of housing, shops and parks.

Given time, someone will find a way to profitably recycle these malls. Having seen how abandoned and boarded up malls and real estate were recycled in the past, it will happen again.

Reading the article and thinking briefly about it suggested I look at what risks in my life I can turn into an opportunity and how will I do it. Let me know if something in this post helped your thought process.

 

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