Towne Mall
Printed From: MiddletownUSA.com
Category: Middletown City Government
Forum Name: Community Revitalization
Forum Description: Middletown Community Revitalization News
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=4857
Printed Date: May 13 2024 at 10:52pm
Topic: Towne Mall
Posted By: VietVet
Subject: Towne Mall
Date Posted: Nov 13 2012 at 6:45am
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Today's Journal..
Work time’ begins for new Towne Mall owners 35-year-old property purchased for $850,00 in cash MIDDLETOWN — The new owners of Towne Mall officially took ownership of the property Friday and have shared more details about the upcoming project with The Middletown Journal. SA Mary LLC and Bless Properties LLC purchased the property for $850,000 in cash, according to George Ragheb, one of four partners with the company. The mall, which opened in 1977 and sits on 13 acres, has an appraised value of $3.7 million, $2.4 million for the land, $1.3 million for the structure, according to the Warren County Auditor’s Office. WORTH 3.7 MIL AND PURCHASED FOR $850 THOU??? NOW I GET A KICK OUT OF GILLELAND SOMETIMES..... Middletown City Manager Judy Gilleland said she’s planning to meet with staff regularly to assure the mall property is “a top priority,” but there have been no further discussions with the new owners. She said the mall, because of its location off Interstate 75, is in the “main gateway corridor into the city” and it’s pivotal in terms on the “revitalization of the entire city.” NOW, IF THE TOWNE MALL AREA IS THE "MAIN GATEWAY CORRIDOR INTO THE CITY" AND IS PIVOTAL IN TERMS ON THE "REVITALIZING OF THE ENTIRE CITY", WHY HAS ALL THE FOCUS ON AND MONEY SPENT BEEN DOWNTOWN? WOULDN'T LOGIC PLACE THE CONCENTRATION AND MONEY SPENT ON THE MOST "PIVOTAL" AREA, JUDITH? I HOPE THIS PRIVATE INVESTMENT IS HIGHLY SUCCESSFUL AND OVERSHADOWS THE DOWNTOWN EFFORT, JUST TO SHOW THE NIMRODS DOWN AT CITY HALL HOW TO DO THINGS. BETTER HOPE THE CITY KEEPS THEIR NOSES OUT OF THIS PROJECT. IF THEY GET INVOLVED, SOME HOW, SOME WAY, THEY'LL SCREW IT UP LIKE THEY DO EVERYTHING THEY TOUCH. ------------- I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over. |
Replies:
Posted By: John Beagle
Date Posted: Nov 13 2012 at 9:01am
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I can't wait to see work begin. I can look out of my window and see the mall.
Bring on the dozers. ------------- http://www.johnbeagle.com/" rel="nofollow - John Beagle Middletown USA News of, for and by the people of Middletown, Ohio. |
Posted By: over the hill
Date Posted: Nov 13 2012 at 1:57pm
| The May 22nd school board meeting with council Judith stated "our income is to low to market Towne Mall"!!?? |
Posted By: VietVet
Date Posted: Nov 13 2012 at 3:31pm
BUT, the income (I assume she means city money), isn't that low that money can't be plowed into the downtown area, buying PAC, loaning money to the Moormans, giving away buildings bought with taxpayer money. (the Thatcher buildings), maintaining a little used bike path and the extra costs related to eroded areas of that path, etc. No, the truth of the matter is that they have money sitting silently in funds buried in their magic accounting practices that go to their pet projects......the downtown (and the S. Main St. area) happens to be the special of the day that is receiving the attention.....and money. After that, the focus will be on another pet project, no doubt done for another group of "friends of the city". It's a cozy little world down at the old city building.  ------------- I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over. |
over the hill wrote:Posted By: Pacman
Date Posted: Nov 13 2012 at 10:49pm
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John, I didn't see anything in the discussions that leads me to believe that the mall will have a radical face lift. Probably the most biggest improvement would a parking lot facelift. The way the use renovation in the journal article does not lead me to believe there will be major work done at the mall especially since they don't own Sears, Elder beerman or the Dillards Space. In the Journal Article the speak of renting the 52 spaces the already have (of which 18 are already occupied). But who knows, they are saying it will take approx. 3 years so we shall see. Over The Hill, Is the city manager speaking of the income of the community being to low to attract retail outlets, or is city's income is low to market the mall area? The City sure appears to have money to market every falling down uilding downtown, yet the couldn't afford to buy the most prime real estate developements in the city at 25% of it's estimated value. To me. if I was downtown at city hall, some heads would roll at that deal and I would start at the top. Pacman  |
Posted By: over the hill
Date Posted: Nov 14 2012 at 9:13am
| The response Judith made was when she was asked by the school board why we are not doing something about the mall I think it was her way of not having to answer the guestion |
Posted By: LMAO
Date Posted: Nov 14 2012 at 9:20am
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I think the mall will do good if the spineless ones will keep there damn nose out of the new owners bussiness.
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Posted By: over the hill
Date Posted: Nov 14 2012 at 9:23am
| AMEN!!! |