Those hoping to go shopping at the unfinished Elk Grove Promenade anytime in the near future are going to have to wait a few more years according to information presented at last night's Elk Grove City Council meeting.
The half-built mall, which lies on the city's south side, has become something of an eyesore and annoyance for the city. Aware of the numerous problems presented by the mall, three city council members reported on their individual meetings with the current owner the the stalled mall, the Howard Hughes Co. (HHC)
Council Member Gary Davis said he met with HHC and said he has invited and urged HHC to make a presentation at one of the June city council meetings regarding the their plans for the mall.
"I very strongly suggested they owe it to the community to be here," Davis said. "I am mildly optimistic ... they will get it build someday."
In his individual meeting with HHC Council Member Steve Detrick said HHC told him they are looking at all options and that they may complete the mall in phases.
"Their best guess at this time to phase is probably a phase in 2014, 2015," Detrick said.
Also meeting with HHC was Sophia Scherman who did not comment.
Construction of the mall abruptly halted in July, 2008 when its then owner, General Growth Properties (GGP), got squeezed during the world-wide credit crunch that precipitated the Great Recession. GGP subsequently filed the largest ever real estate company Chapter 11 bankructcy and HHC took control of several properties of GGP as they emerged from bankruptcy.