Why do you think we don't have any? I was told the Baldwin Hills- Crenshaw Plaza in LA shopping mall was mostly owned by Magic Johnson??, used to go there when I lived in LA nice place.

When Rev. Johnnie Coleman built her new church on the edge of Chicago several years ago, the church bought enough land to build a small shopping center and a senior citizens residential facility.  In College park GA Creflo Dollar accually bought an abandoned shopping mall to extend his world changes church - the place has a gold dome!!!

Your thoughts?? Just a venture we haven't tackled yet, but soon there will be some black-owned malls that cater to blacks and others. 

The Reverend Leon Sullivan established one near Temple University and another was established at the former Connie Mack baseball stadium.

while these two shopping centers are still thriving after some thirty and twenty years later, they are closer to strip malls and not what i believe your idea of a mall is.

having said that, to answer your question in general is two parts.

first it is my opinion that there is are a shortage of developers with the kinds of resources necessary to acquire the acres of land and sucessfully navigate the zoning requirements, county comissioners and related red tape that would be necessary to build a large shopping mall.

second would be that fact that most blacks propbably don't have realize that owning a mall doesn't mean it has to be in the hood. most who have thought of owning a mall have probably restricted their thinking to something that serves the african american community. getting the space available along with dealing with some of the other details i previously mentioned is far more difficult to do in within the city limits and probably would take a developer with just as many connections in state and local government as money in his bank account.

1 REASON IS THAT WE LACK PRODUCTION. IF WE WERE TO OPEN MALLS WE STILL WOULD BE GIVING OUR MONEY TO "THE MAN" WE WOULD ONLY MAKE MONEY OFF OF RENTING THE SPACES TO LARGE BUISNESS LIKE MACY'S JC PENNYS,EXPRESS AND ECT. FIRST AND FOREMOST WE NEED TO START PRODUCING OUR OWN PRODUCTS. THEN WE CAN TRULLY BECOME SELF SUPPORTING.

AND IT IS VERY EXPENSIVE TO BUILD AND MAINTAIN PROPERTY. WHAT WE NEED TO BE BUILDING IS OFFICE BUILDINGS AND HOUSING DEVELOPMENTS. SCHOOLS YOUTH CENTERS LIBRARIES AND OTHER PROGRESSIVE THINGS THAT CAN PROVIDE JOBS FOR OUR PEOPLE.

NOT SHOPPING MALLS. UNLESS WE PRODUCE ENOUGH PRODUCTS TO FILL THE SPACE.

 FIRST AND FOREMOST WE NEED TO START PRODUCING OUR OWN PRODUCTS. THEN WE CAN TRULLY BECOME SELF SUPPORTING.

Although I agree with you on this, real estate development ( in this case a mall) would probably be an easier goal.

The manufacture of products is a more complex issue...

I just love your threads.  Just needed to say that although I may or may not agree with everything you say. thanx much Black--I truly appreciate your words.

On topic: some commenters have pointed out a few black-owned malls.  But you are correct; for the amount that we shop, we should own at least 10-20% of the malls in the country!  What do you think needs to be done to increase black ownership of these larger enterprises? I have this gnawing idea that seems to work in so well in theory but haven't been able to get in traction with it practically. I think we need to first involve pro athletes, the entertainers could come later.

My ideas is to develop a formula that shows an athlete the kind of rate of return he will receive if he is willing to invest at least $2 million w/ NO return on his investment the first year.

I can see this idea "regionalized" There are what four NBA teams in CA and three pro football teams?? I may be off one or two but the theory is to have 15-20 players invest in one southern CA site as the developers of a mall--replicate that with another 15-20 players, maybe 25 for a mall project in Northern CA.

These guys understand shopping, malls and all of the goodies within. Then that story needs to be promoted like all get out and that will encourage the four Chicago teams (bears, bulls, sox and cubs) to pool $30-$50 million together for a project there. And then NY and so on and so.

Each region could start with its own management co, and eventually they could gel into a national management co. handling all of the players' malls.

It would be great too if any one of the four, or is it five, Baptist conventions would launch a capital campaign to raise $50 million for the sole purpose of building a mall.