The long term issues could be much more than a few bad decisions
The Trafford Centre’s status as one of the north-west’s biggest attractions is under its biggest threat. The imminent collapse of Intu, the company that owns it is bringing uncertainty.
Whilst it’s difficult to conceive of a situation in which the Trafford Centre is not rescued by new ownership – the retail market will hit hard by recession and the long-term impact that covid-19 has on shopping indoors in these large super-malls might be severe.
The jobs that the Trafford Centre provides are an important part of the local economy. The business rates levied on the Trafford Centre as a whole are a large component of Trafford’s income and it’s already certain that these will be reduced significantly.
A lot of people don’t like the Trafford Centre but this adds to the blows that are raining down on us as a community.