Macy’s announced today that it will close 11 stores, including one in Brooklyn Center at the Brookdale Mall, which is fast becoming an economic basket case.
The store, of course, is a former Dayton’s, a store that every company once wanted in their mall — the name was that magical. The magic is gone.
Is it too early to start thinking about what St. Paul will do when Macy’s closes its downtown St. Paul store?
Taxpayers guaranteed a $6.3 million loan for renovations to the store in 2001. The loan would be forgiven if the store stays open until December 2012. One gets the impression that Macy’s executives fall asleep at night to dreams that it’s almost January 2013.
About the blogger
Bob Collins has been with Minnesota Public Radio since 1992, emigrating to Minnesota from Massachusetts. He was senior editor of news in the ’90s, ran MPR’s political unit, created the MPR News regional website, invented the popular Select A Candidate, started several blogs, and every day laments that his Minnesota Fantasy Legislature project never caught on.
NewsCut is a blog featuring observations about the news. It provides a forum for an online discussion and debate about events that might not typically make the front page. NewsCut posts are not news stories.