Proposed Durango Mall Development

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  • Developer CenterCal is asking for about $14 million in public support for an $81-million remake of the mall, with construction planned between 2027 and 2030. 
  • Durango Urban Renewal Authority staff say the mall is valued at just 72 and a half million dollars, and old leases covering a quarter of the space are well below market rates, making a rebuild hard to finance. URA staff is proposing the South Durango URA, which would include the mall development as well as other areas.
  • The project would also help fund 55 for-sale townhomes near the mall, priced for buyers earning up to 140 percent of area median income. That works out to about 430,000 dollars each.
  • County commissioners worry public money could help national chains compete with locally-owned businesses. 
  • There is a December 1 deadline to decide whether to move forward.

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