It has been reported that some possible development interests in the city's Towne Mall property have arisen as rumor, though there hasn't been any firm proposal. These rumors began when a mall tenant contacted the city after receiving a letter informing him that the mall had been sold. Since the speculation began, no one has been able to confirm or deny the truth of the letter, or the intentions of CBL & Associates of Chattanooga, Tenn., the owner of the property. Whatever the truth about such rumors, there is no doubt that the city and mall tenants would be excited about the prospect of a fresh new vision for the property that could revive interest in the mall which might spur some economic growth.
To read more see the Middletown Journal's article: