May
20
Originally published on May 4, 2021, by Esther Fung for The Wall Street Journal.
Mall owners have hit on a new way to fill gaping holes left by failed department stores and other departing big-box tenants: hosting public schools in need of more space.
Landlords are focused in particular on the nation’s 7,500 charter schools, which are public-funded institutions run independently of school districts. These schools usually have to find and finance their own buildings.
In cramped cities and other places where land is scarce, charter schools and mall owners are finding common ground. Dozens of charter and other public schools have leased space in shopping centers, public records show.
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