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Just got word from a friend who works for a company called Associated General Contractors. She says that they just received the project this afternoon. Not sure if it's supposed to be the entire building, however it's including 7 structures including the former Sears, JC Penny, Belk, Dillards, Firestone Service Center, Hollywood Video, and the Inline Mall Space Proper; a total of approximately 1.2 million sq. ft.
I tired searching for any news articles on it, but found nothing. Again, she says they just received the project, so maybe the media is not yet aware of the move. It was just a Facebook post , so it's quite possible to be completely false, but thought you people may be interested.
This article is from September. The City hosted an event Wednesday for developers to tour the mall and survey it for possible use as a studio complex. I highly doubt there would be any demolition orders the very next day.
I read in a linked article from the title post that said the tax incentives, which apparently are a primary driver in deciding where movies are made, run out in 2015. If true, it seems building a movie studio wouldn't be such a good idea. But what do I know.
The city hasn't chosen a buyer and developer yet for the site. Some of the developers want to demolish the site, and others see some uses with the original building.
My guess is that your friend was contacted by one of the developers that are interested in the site, but wants to destroy the original building. I think we'll find out which developer will get the rights to the site by July.
Also, here's a rendering of one of the proposals for the site:
If it is going to be demolished WHO is going to pay for it....?
From the Disturber:
The city has said it could help finance part of the project, possibly by paying to demolish the mall, if needed. But Peter Zeiler of the city’s economic development office warned developers that the city wouldn’t be taking the lead.
“Don’t ask for $150 million, or $300 million,” Zeiler said.
So the city paid 200% to 600% over market rates for a building that is only fit to be demolished and there is no real plan to make it into a movie studio.
So the city paid 200% to 600% over market rates for a building that is only fit to be demolished and there is no real plan to make it into a movie studio.
Some of us here said this would happen.
It's an incredible time to be a taxpayer. Puke.
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