US mall owner diversifies, rents out parking lots for outdoor movie theaters, concerts - Business Insider

US mall owner Brookfield Properties has signed a deal with an events company to bring drive-in theaters, showing outdoor movies and concerts to its parking lots.

Its decision to diversify its business comes as the retail sector continues to be battered by the coronavirus pandemic.Mall owners in the US are starting to get more creative about how they can make money during the coronavirus pandemic as the retail sector continues to be hit hard. A spokesperson for Brookfield told Business Insider that these outdoor venues are currently set up at three of its malls in Denver, Minneapolis, and Dallas. However, they have plans to roll this out to more locations in the future.

"As with all of our tenants, it is our job to do everything we can to help make them successful in our shopping center communities. Kilburn, however, will handle all of the logistics, from the technology, films and the ability to stream Bluetooth in your car, etc.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The rise and fall of New York & Company, the once beloved mall staple - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider webinar with one-click checkout startup Fast - Business InsiderJoin us today at 1:30 p.m! Business Insider payments reporter Shannen Balogh will speak with Domm Holland, Fast's co-founder and CEO, about how he came up with the idea for the company and Jan Hammer, general partner at Index Ventures. This is DOA
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider's best investing stories of the week ended July 14 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »