Salisbury Approves Funding for Old Mall Project - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Reported by Elizabeth Harrington

Salisbury Approves Funding for Old Mall Project

The old Salisbury Mall (Photo: WBOC) The old Salisbury Mall (Photo: WBOC)

03/26/2007

SALISBURY- The Salisbury City Council on Monday night approved a plan making way for a new development in place of the old mall.

During its public meeting held at the Government Office Building in downtown Salisbury, a majority of council members approved a TIF (that stands for tax increment financing) for $15 million.

The Wicomico County Council voted against a similar deal in December.

That money will help developers pay for necessary infrastructure costs. Developers will pay the city back with tax revenues at a later date.

The old mall property, located on Glen and Civic avenues, has been vacant since the fall of 2004.  Developers want to build 688 condominiums and townhomes. Developers say they needed the financial agreement to move forward with the project.  Many have opposed the plan, call it "too big" for the area.

City officials say the demolition of the old mall could start next month.

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