Indiana city plans to acquire declining mall for sports tourism development
As malls are struggling to thrive across the country, a southern Indiana city has proposed a sports tourism project to recover the dwindling indoor mall. The City of Columbus has reached an agreement to purchase a nearly three-decade-old mall from the owner of the Fair Oaks Mall for $6 million, according to a report from The Associated Press.
The $5.9 million deal to buy the 35-acre property and launch a sports complex at the shopping mall is expected to be finalized by the end of 2018. Economic challenges in a national retail industry have ...
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