Leaders discuss future of Raleigh Springs Mall - Action News 5 - Memphis, Tennessee

Leaders discuss future of Raleigh Springs Mall

Posted: Updated:
Three new stores are set to open within the month. A restaurant will soon follow. Three new stores are set to open within the month. A restaurant will soon follow.
A battle is brewing over what to do with the Raleigh Springs Mall. A battle is brewing over what to do with the Raleigh Springs Mall.
RALEIGH, TN -

(WMC) - A battle is brewing over what to do with the Raleigh Springs Mall. While the city has plans for redevelopment, so do mall owners. So what's next?

Right now, there are about 15 stores open and in business inside Raleigh Mall. Mall management says there are around 50 total properties inside.

Owners say the mall is a work in progress and they are committed to staying in the community. Courtney Dickerson works inside Raleigh Springs Mall.

"I don't want it to close. I love being here," she said.

Despite empty store fronts everywhere you look, Dickerson says she's invested there.

Mall management says they are too.

"We share the city's desire to revitalize the land and mall," says Raleigh Springs Mall LLC Attorney Michael Aschenbrener.

Mall owners say they've already put in $1.5 million in roof repairs.

Three new stores are set to open within the month. A restaurant will soon follow.

"I'd really love for them to do what they're gonna do. So far, I haven't seen much but they have plans and I'm looking forward to them coming to pass," Dickerson says.

Last year, the City of Memphis announced plans to redevelop the mall. The plans included a branch library and police precinct.

The city says they are in discussions with other retailers that will only consider locating if the city's plans are implemented. Mall owners say the city has stopped talking with them.

They have a problem with the city's plans because the mall sits on private property and doesn't belong to the city. But mall owners are willing to work with the city to make the property flourish.

Memphis Housing and Urban Development Director Robert Lipscomb issued the following statement to WMC Action News Five:

"The people of Raleigh (Raleigh Community Council and the entire neighborhood) have spoken very clearly that they want a new mall at this site with significant upgrades/improvements as outlined in the city's plans. We have had a number of discussions with the current property owners and they only want to provide a very small amount of dollars for reinvestment ($1.5 million) which will do very little to change the current course of disinvestment and blight at the current site. Also, we are in discussions with other potential retailers that will only consider locating at the site if the city's current plans are implemented."

Copyright 2014 WMC Action News 5. All rights reserved. 

Powered by WorldNow