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Old 02-01-2013, 01:48 PM
 
74 posts, read 143,229 times
Reputation: 44

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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.
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Old 02-01-2013, 02:07 PM
 
Location: NC
5,508 posts, read 6,200,491 times
Reputation: 9385
Eastland Mall to be demolished and rebuilt as production studio | www.wsoctv.com
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Old 02-01-2013, 04:33 PM
 
Location: Lake Norman, NC
8,878 posts, read 13,990,720 times
Reputation: 36004
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.

Business leaders tour Eastland Mall | WCNC.com Charlotte
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Old 02-01-2013, 06:12 PM
 
8,402 posts, read 24,324,895 times
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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.
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Old 02-01-2013, 10:28 PM
 
601 posts, read 970,780 times
Reputation: 639
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:

[IMG]http://media.wcnc.com/images/600*450...and+mall+1.jpg[/IMG]
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Old 02-02-2013, 10:47 AM
 
3,183 posts, read 7,236,526 times
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If it is going to be demolished WHO is going to pay for it....?
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Old 02-02-2013, 08:15 PM
 
Location: Lake Norman, NC
8,878 posts, read 13,990,720 times
Reputation: 36004
Quote:
Originally Posted by crestliner View Post
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.

Read more here: Charlotte puts vacant Eastland Mall on display | CharlotteObserver.com
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Old 02-03-2013, 03:20 AM
 
3,914 posts, read 5,002,367 times
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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.
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Old 02-03-2013, 07:38 AM
 
Location: Inactive Account
1,508 posts, read 2,996,306 times
Reputation: 970
Maybe the discussion for razing has begun in order to get anyone serious about using it as-is to get serious and step forward.

Obviously the longer this dithering goes on, the more the site deteriorates, and razing could become the only outcome in a few more years.
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Old 02-03-2013, 08:46 AM
 
1,177 posts, read 2,248,609 times
Reputation: 1142
Quote:
Originally Posted by frewroad View Post
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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