This spring, mall vacancies across the country reached a new high, and now, Burnsville is the latest community trying to bring new life to a dying mall.
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U.S. Rep. Angie Craig virtually met with the mayors of Zumbrota, Wabasha and Burnsville on April 9 to discuss how the 2021 American Rescue Plan Act will help local government and communities.
The federal relief package signed by President Biden on March 11 included $350 billion in direct assistance to state, city and county governments to help secure public sector jobs, stabilize local economic conditions and maintain essential services.
âAs we look toward this money beginning to flow, I know many of my local mayors are starting to brainstorm with their city administrators and city councils on how we are going to put that money to work in our local communities,â Craig said.
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The new owner of Burnsville Center plans to sell some stand-alone buildings and perhaps land surrounding the mall as it moves forward with plans to save the struggling mall.
New York-based Kohan Retail Investment Group bought the distressed property at a foreclosure auction in the fall for about $17 million.
Earlier this month, it started to work with the city of Burnsville and anchor spaces, which are owned separately, to figure out how best to use the property.
The Burnsville City Council hosted a work session on Feb. 9, and invited the Burnsville Center s stakeholders to meet virtually and talk about the potential revitalization of the aging shopping mall.