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Is this new model for struggling communities?
Posted By -NO AUTHOR- On 11/30/2012 @ 12:51 am In Money,U.S. | No Comments
(Washington Times) If the sign on the building didn’t say Wal-Mart, you might mistake it for Bloomingdale’s.
The glass atrium, escalators from a multilevel parking deck and surrounding pedestrian mall seem strangely out of character for the world’s largest retailer, as is the location in a new downtown anchored by the big-box giant.
Yes, that’s right: There is a town in Virginia that bulldozed the remains of its decades-old downtown shopping district and put up a Wal-Mart— and it has proved to be a big hit in bringing people back to the town’s long-struggling core. It even has sparked an unlikely holiday buying rush this year.
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