Mills Corp-- The upside

One piece of good news from Mills Corps latest woes (restated earnings, management cuts, project pipeline reductions) is the cancellation of the Mills pier project in San Francisco. This project was the winner in a controversial competition with the developers of Chelsea Piers to redevelop an area of the San Francisco waterfront. Don't get me wrong, I appreciate a good mall more than most and definitely don't subscribe to the usual hysteria about the "mall-ifacation" of America. That said, the idea of a Mills mall on the Embarcadero was a terrible one. I hope they revitalize the Chelsea Piers concept for the site.

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Comments

[Todd]

I'd like to understand why the "Chelsea" concept was so much better.