Mall closings hurt communities with lost jobs, taxes

10/17/2008 | CNNMoney

Communities are struggling with store closings at shopping malls. "When a mall closes, you have a significant loss of jobs, even though these are typically low-paying jobs," said Scott Hoyt, senior director of consumer economics at Moody's The malls also provide significant tax revenues to local communities.

View Full Article in:


Published in Brief: