Shoppingtown Mall's Fate Could Be Decided By October 22nd

posted by Justin The Web Guy - 

Once a thriving mall, Shoppingtown Mall in DeWitt has become a tax liability for Onondaga County. The current owner, Moonbeam Capitol Investments, currently owes the county $7.74 million dollars which is due by October 22nd. 

The date is important because if the money is not paid by then, the property is scheduled to be sold at auction. However, Onondaga County Legislature Chairman (soon to become County Executive), Ryan McMahon, said that won’t happen. Instead, Onondaga County legislators voted to have the Onondaga County Industrial Development Agency (OCIDA) assume control of the property and seek a developer.

McMahon said that by assuming control of the property, the county will have more control over who and what develops the mall. “We’re just not interested in being in the same situation five years from now, where you have a property that never got developed the way it should have been,” McMahon said. 

The whole situation may be moot anyway if Moonbeam Capitol pays 25 percent of the delinquent money ($1.94 million) and enters into a 2-year repayment program. We will know by October 22nd. In the meantime, it’s a shame to see a once bustling mall reduced to a shell of what it once was. Let’s hope something good comes out of this whole situation.

Justin

Justin

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