Finance: Shopping Center for Money

If shopping centers can sell every thing from groceries to garden tools, why not create a similar center whose stock in trade is money? So reasoned David H. Murdock, a shrewd and restless Arizona real estate developer. As one of Arizona's leading millionaires, Murdock, 41, was in a position to answer his own question, and this week in Phoenix he opens the first financial shopping center in the U.S.

In a $7,000,000 complex—including a ten-story curved glass building, the first of two similar structures—Murdock has already installed a bank, a savings and...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!