Local Malls, Stuck in ‘Death Spiral,’ Plunge in Value

Wall Street Journal, July 31, 2023-Kate King (subscription)
WATERFORD, Conn.—Crystal Mall’s parking lots used to be so crowded that parents would line up to drop off their teenagers near one of the entrances rather than search for a spot. Now, the vast stretches of cracked pavement surrounding this 1980s-era regional mall on Connecticut’s coast have more weeds than cars.