
I started writing about the shopping center in the early ’90s, when one of its many revolving anchors fled. The mall has been home to an array of failing medium-size box stores — Jamesway, Rickel, Channel — and a supermarket. Macy’s opened there temporarily, but didn’t last long. And this has stressed the smaller merchants, of which there have been more than can be remembered.
Home Depot, which opened about 10 years ago $, and Bob’s Discount Furniture are holding their own there now, but the food store closed and a new one is unlikely to move in, given the small space.
So, what to do? It’s not an easy question, but it is one with which the community must grapple. The market ultimately will determine what happens to the center, but allowing it to live in limbo for as long as it has creates real and potential impacts.
First, a shopping center with empty storefronts can be an attractive nuisance. We’re lucky that there are enough tenants right now to keep that from occurring, but vacancies do tend to breed vacancies, and so on.
There also are potential tax implications. Empty storefronts lead to tax appeals, which lead to a loss of revenue, both because the town has to pay back previously paid taxes and because the properties that appeal end up with lower bills going forward.