What's the Property Tax Impact of Lifestyle Centers on Enclosed Malls?

In recent years, shopping centers have shifted away from the inward-facing enclosed mall to an outward-facing lifestyle center. Lifestyle centers are designed differently, with streets or outdoor pedestrian walkways rather than enclosed corridors, and are easily accessible from the parking area. In an article authored for RE Business Online, Brent Auberry explained how this change in design for new shopping centers will bring a potential change in valuation techniques for older malls.