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Stock impact report

How did Minnesota get so many malls? [CBS News]

Simon Property Group, Inc. (SPG) 
Last simon property group, inc. earnings: 2/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.simon.com
Company Research Source: CBS News
Though Minnesota is home to the Mall of America, it's also the birthplace of the country's very first indoor mall — Southdale Center, which opened in 1956 and was developed by the Dayton family. "We have a lot of malls in large part because of the weather," said Tom Fisher, the University of Minnesota's At the time Southdale Center was one of the largest air conditioned spaces in the country, and there was even a lake to handle the heating and cooling of the building. Austrian architect Victor Gruen designed the mall, which looked a lot different from its current design. "It was the same width of a typical Vienna street and it had trees, it had birds, it had fish. There was a pond and it had sidewalk cafes," said Fisher. The innovative shopping center garnered international attention and sparked a mall boom. In 1992, the Mall of America opened its doors to much excitement. The mall sits on the site of the former Metropolitan Stadium, where the Twins and Vikings played bef Show less Read more
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