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America's mall owners cough up to stay relevant in Amazon era

They're renovating their properties when retail tenants exit and then wooing a broader spectrum of businesses

New York

THE owner of the Newgate Mall plans to pour US$500,000 into overhauling the outdated food court in a bid to lure restaurateurs and hungry shoppers. Rent payments from eateries are never going to recoup the renovation costs, but for landlord Time Equities Inc, that's not the point...