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> Ideally it's should be a balance between customers and business

Nah, I think for it to be a proper third place, revenue and business should really really be secondary to everything.

Property costs and taxes are just too high for that to occur in most places, especially big cities where these said costs have skyrocketed.

Yup, which is probably one of the reasons why those third places get undone

In retail that usually makes it turn into a fourth place - the store front this replaces the third place.

Yeah, its more of an ideal vs reality thing ....