Stores: It may happen but slowly. From what I've seen, only a handful of cities really best Philadelphia in terms of an *inner-city* shopping district (Rodeo and Houston's Post Oak district don't count as inner-city). So far I can only think of New York, Chicago, San Francisco, Boston, and Seattle. Even DC, despite having a better metro economy, doesn't have a comparable inner-city shopping district.
The flip side of this is that successful high-end inner-city shopping districts are rare and, tehrefore, retailers are generally mroe conservative about opening them since they are never sure whetehr they can work or not (not enough data points). The safe and easy thing would be to simply open their stores in a mall. To this extent, I think the opening of those stores in KoP and in Marlton is a *good* thing since those markets are now saturated. To look for new opportunities, those stores now *must* look into the city. It may ltake them some time to make the jump, however.
Entertainment: For a city of its size, Philadephia does well with theaters and high-culture entertainment. We also have plenty of bars, lounges, and clubs. What we need more of is family-style entertainment like Dave & Buster's. It may be suburban, but its that diversity that that creates a full service city. This will have to wait utnil mroe middle class families move into the city, however.
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