The Arcade, the nation’s oldest indoor shopping mall, closed to the public this morning as its owners are preparing to transition the downtown landmark, which in recent years had been home to a handful of small, independent businesses and eateries, into a space for a single company or retailer.
Good luck with that.
“It’s gotten a lot scarier out there,” [Evan Granoff] said in his offices today. “There are not a lot of people thinking of expanding. Retailers are just trying not to have to hold onto a lot of inventory on their shelves, and other businesses are just trying to survive in this climate.”
It’s scary out there, we can’t afford to maintain the building, could we have an “emergency demo permit?”
The Arcade, which was built in 1828 and is on the National Register of Historic Places, is assessed at about $1.4 million, according to city records.
Really, how hard would it be for us to raise $1.4 million? I’m serious.