Provo Towne Centre Redevelopment Proposal Returns to City Council
1 report, 1 independent
Updated Oct 5
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What happened
The Provo Towne Centre redevelopment proposal is scheduled to go before the Provo City Council for discussion. Brixton Capital, the owner, is pursuing an extensive facelift for the mall, which has experienced declining foot traffic and financial returns. The taxable value of the mall parcel has dropped from over $25 million in 2017 to less than $10 million.
From heraldextra.com
Why it matters
The redevelopment aims to transform the mall, which currently reports that the majority of its tenants have temporary leases. The project seeks to resolve outstanding issues to move toward a final vote and project planning.
From heraldextra.com
Who's involved
- ProvoThe city where the Provo Towne Centre redevelopment project is located.
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The entities involved
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Provo
city in and county seat of Utah County, Utah, United States
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