Wausau City Council approves plan to help keep mall open - WAOW - Newsline 9, Wausau News, Weather, Sports

Wausau City Council approves plan to help keep mall open

Posted:
  • Most Read StoriesMost Read StoriesMore>>

  • Radar Alert

    Stormy night in central Wisconsin

    Stormy night in central Wisconsin

    A few scattered light showers through early afternoon, then heavier rain and storms possible toward evening.More >>
    A few scattered light showers through early afternoon, then heavier rain and storms possible toward evening.
    More >>
  • Newsline 9 says goodbye to Cami Mountain

    Newsline 9 says goodbye to Cami Mountain

    (WAOW) -- It's a bittersweet day at Newsline, as we say goodbye to Cami Mountain. Cami is leaving us to start an exciting new chapter in her life as a mother.Friday morning, hundreds of you left your well wishes on our Facebook page. And we gave her a special surprise for her last day on air. We are happy to announce Paige Hulsey will be taking over the chair on Tuesday.More >>
    (WAOW) -- It's a bittersweet day at Newsline, as we say goodbye to Cami Mountain. Cami is leaving us to start an exciting new chapter in her life as a mother.Friday morning, hundreds of you left your well wishes on our Facebook page. And we gave her a special surprise for her last day on air. We are happy to announce Paige Hulsey will be taking over the chair on Tuesday.More >>
  • Stewart says Ward's death will affect him forever

    Stewart says Ward's death will affect him forever

    (AP Photo/Terry Renna, File). FILE - In this Feb. 23, 2014, file photo, Tony Stewart is introduced before the NASCAR Daytona 500 Sprint Cup series auto race at Daytona International Speedway in Daytona Beach, Fla.(AP Photo/Terry Renna, File). FILE - In this Feb. 23, 2014, file photo, Tony Stewart is introduced before the NASCAR Daytona 500 Sprint Cup series auto race at Daytona International Speedway in Daytona Beach, Fla.
    Tony Stewart says the death of Kevin Ward Jr. will "affect my life forever" as he returned to the track for the first time since his car struck and killed the fellow driver during a sprint-car race in New York.More >>
    Tony Stewart says the death of Kevin Ward Jr. will "affect my life forever" as he returned to the track for the first time since his car struck and killed the fellow driver during a sprint-car race in New York.More >>
WAUSAU (WAOW) -- Tuesday night the Wausau City Council decided to help keep the the mall open and running, giving the mall's owners a break on rent, but that comes with some long term commitments.

The city is letting the mall's owners keep their money by not paying rent for the next five years.

Council members say it's a total package worth more than $750,000. They say both the city and the mall's owners, CBL & Associates, want the mall to stay a part of downtown for years to come.

Some people in Wausau say they can't imagine their city without the downtown mall.

"It's always been here and I remember coming as a kid and they used to have the waterfall and the brick up front," said Jordan Aengen of Wausau.

The mall's future has come into question in recent months, but members of the city council say they want to put those worries to bed.

"The mall is a key piece of our downtown picture and when we look at the attractiveness of the mall in terms of its retail base and in terms of its property and sales tax that it generates, it also is part of the lifeblood of our downtown," said Councilwoman Lisa Rasmussen.

The city worked with CBL to secure the mall's long-term future.

"It is a five-year plan whereby we are giving them some concessions in terms of ground lease payments," Rasmussen said.

In total, the mall will have an extra $755,000 in their pocket, but CBL will have to hold up their end of the deal.

"In exchange, we are seeking that they secure a 10-year lease by a retailer on the empty JC Penney space and that they use the funding strictly for tenant improvements and incentives to either attract new tenants or retain existing ones," said Rasmussen.

It's a plan sure to make the mall's regular customers happy.

"It definitely would be a shame to see the the mall go down so if it would take a little money to pick it up so it can stay successful, that would definitely be worth it," Aengen said.

Council members say they're convinced the plan will be a good thing for Wausau.

"It really is a redevelopment effort and a revitalization of the Wausau Center mall and it's not just us infusing cash into their bottom line," said Rasmussen.

Some council members are keeping a close eye to be sure the mall's owners do their part. During the meeting, Councilwoman Sherry Abitz said she doesn't want to see the taxpayers bite the bullet.

For now, the one-time payment to the mall will be July First.

Neither CBL nor the mall's general manager returned calls for comment.

The vote on this plan passed unanimously.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WAOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Chief Engineer Russ Crass at 715-842-2251. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.