Does the older population significantly influence the existence of recreation and “3rd places” in a given county?

I am wondering whether or not an explanation for the diminishing of "3rd places", and other forms of affordable entertainment and related places can be explained partially by the aging population from a perspective of them holding a larger portion of the economic power? Less and less of these places, like bowling alleys, roller rinks, arcades, affordable bars and clubs, etc… and when you do find them they have to charge exorbitant amounts to stay in business (or do so anyways).

Is there a different primary cause? What other social implications are there to this age-money distribution trickling upwards and not being recycled?
My apologies if this is all over the place, I know nearly nothing about economics! Thanks guys!