Thanks to the Levy Project blog and Scot Miller for the following post:
Now here's a problem brewing that out City leaders should be focusing on. McCain Mall has been in decline for years, Luby's and other stores leaving. downgrading of tenant mix and very little money being spent to remodel or improve it. Go to McCain on any Friday or Saturday night and see all the kids cruising the mall. Park Plaza had a major facelift a couple of years ago to keep it fashionable. What we are looking at here in 3-5 years is a University Mall scenario. And with that will come a financial crisis for the City with the loss of all that sales tax revenue. If we sit back and do nothing with all the growth in Cabot and Jacksonville we will be looking at a new open air lifestyle center similar to Shackleford Crossing up north much closer to Cabot and not in NLR. Our city leaders should be meeting with the mall property owners, managers and building owners NOW to avoid this predictable train wreck and find way to improve and expand McCain Mall. We must not let McCain Mall become University Mall.
PS Guess who manages McCain Mall and used to manage University Mall?.....That's right, the same company, Simon Property Group in Indianapolis
Murry Witcher, one of our aldermen, mentioned this at our last NLAN meeting.
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When the NLAN asked our two aldermen to attend our meeting on January 21st we asked them to come prepared to inform us of any and all events now affecting our neighborhoods or will soon be in our near future? Alderman Witcher did indeed advise us of his concern for the decline taking place at McClain Mall and we heard it here, first! May both our aldermen continue to keep us posted on matters important to our quality of life here in NLAN.
Gentlemen, thank you both for being proactive in keeping us informed - we appreciate your efforts to do so! And to Scott Miller (Argenta Blog)and his comments posted on the Levy Project Improvement Movement's blog; Sir, thank you for your expanded detail on this matter!
The only hope for McCain Mall is for it to be bought out by somebody other than Simon. I believe Simon is basically giving this market the finger because of the Summit Mall incident. It is a shame, because McCain is in a very healthy retail corridor. There is no logical reason for it to be following this path. If Simon remains in control, I give it 3 years max.
The only hope for McCain Mall is for it to be bought out by somebody other than Simon. I believe Simon is basically giving this market the finger because of the Summit Mall incident. It is a shame, because McCain is in a very healthy retail corridor. There is no logical reason for it to be following this path. If Simon remains in control, I give it 3 years max.
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