Will there be a place for restaurants, stores, gyms, universities, and symphonies in the future? Or are these place-based entities gone forever?

Outside of the pandemic, there are many explanations of why places are collapsing, but the fundamental issue is the value proposition. Most value propositions focus on the product and features. But they don’t account for the extra work/effort it takes to acquire these products in place.

Online entities have built their business model on getting rid of what they perceive as waste, one of which is the public facility. But there are two sides to humans: One side wants to acquire, and the…