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Metrocenter Mall developer to get $68M tax break in exchange for parking garages
Metrocenter Mall developer to get $68M tax break in exchange for parking garages
Project timeline as of May 2022
- Summer 2022: Developer completes real estate transactions to acquire site.
- Winter 2023 to summer 2024: Demolition of former Metrocenter Mall.
- Early 2023 to late 2025: Commence construction of Phase 1.
- Early 2025 to summer 2029: Completion of Phase 1.
- 2025-2027 to summer 2032: Phase 2 construction and completion.
- 2027-2029 to late 2035: Phase 3 construction and completion.
- 2029 to late 2035: Completion of all phases.
- 2054-2060: End of city reimbursement of garage/amenity costs.
2022/05/25
2022/05/24
2022/05/20
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