Michael Beyard
Michael Beyard
best choices circle customers drain great high incredibly raised stuff
Customers in L.A. are incredibly fickle. They're going to go where the latest, the newest, the best stuff is. The choices are so great now, the ante has been raised so high for what customers expect, if you don't keep pace, you can circle the drain incredibly fast.
cities cultural district downtown entertainment major potential within
It has potential within downtown to be the major shopping, entertainment and cultural district for the whole state. Most cities don't have that opportunity.
centers constant downtown effort existing history malls remain
It's a constant, constant effort for existing (shopping) centers to remain competitive. The history of these big downtown malls has not been all that good.
compete justify money offensive powerful recognize sort spend spending sure
It's an offensive move. I'm sure they don't like having to spend $300 million, but they recognize this is a powerful market, so powerful that they can justify spending that sort of money to compete down the road.
retailers street
The retailers want to be on the street now.