Retail outlet business fading in N.E.
From Robert Whitcomb’s “Digital Diary,’’ in GoLocal24.com
Quite a few New England towns, such as Freeport (home of L.L. Bean) and Kittery, Maine, Westbrook, Conn., and Wrentham, Mass., have long positioned themselves as venues for higher-end retail outlets for national brands and gotten a hell of a lot of tax revenue from them. But Amazon and other online retailers are taking big bites out of them and many stores are closing. Some of the vacant space is being rented by local stores, but paying much lower rent than the prestige national brands did.
Housing is too expensive for many people. So how much of this dead retail space can be converted to housing; and if all or most of the stores now in these outlet malls close, can they be reconfigured into latter-day, mostly residential village centers or have to be demolished?