Redeveloping Failing Malls: Opportunities for Reducing VMT and GHG Emissions and Increasing the Housing Supply through Urban Villages
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2022-11-01
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Edition:Final report (10/1/2021 through November 30, 2022)
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Abstract:California’s housing shortage is large. The State’s Department of Housing and Community Development in its recent Housing Plan estimates that the State needs to build 2.4 million housing units by 2028 to meet the housing needs of its population. Since the late 1990s, and more so during COVID, industry research experts (Credit Suisse 2018; Green Street Advisors 2021) have warned of the impending failure of lower quality major shopping malls in the United States. In California, there are approximately 126 major malls with footprints from 400-120 acres, with approximately ½ or more of the acreage dedicated to surface parking.
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