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HOW TO APPROACH CORPORATE WELFARE
May 14, 2008
The Mall of America wants a subsidy. Some wise perspective from James Lileks:
It’s come to this: unless the state gives the Mall of America more money to build a new addition, it won’t get built.Well, don’t build it, then.
See? That’s not so hard. I understand that there are other markets that would love to have the Mall of America, and some day soon we may behold the distressing sight of the Mall jacked up, put on trucks and moved to Iowa, but if you can’t afford to build an addition without state money, perhaps the fundamentals of the proposal aren’t sound.
I just hope that this doesn't give Iowa's economic development people any ideas. Mike Tramantino may already be trying to locate a mall-moving service.
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