High End Shopping Mall Complex Proposed Again

[fakeguy]

Originally Posted by 1979

It's probably a good idea to delay. I haven't been in Sunland Park Mall or Cielo Vista for quite awhile, but I thought there were a lot of vacancies at those two locations?

I don't know about Sunland but I don't think Cielo Vista has that many vacancies. I know they just got rid of Walgreens. Word is that rent is crazy high there and that might have something to do with some stores leaving. If this new complex ever opens it will probably help lower the rents.

[lipbalm]

8 years until it would open? are you kidding me? 8 years is a lifetime in business and alot of things could happen until then. I say this project is DOA. Next.

[mistabinks]

Originally Posted by fakeguy

I don't know about Sunland but I don't think Cielo Vista has that many vacancies. I know they just got rid of Walgreens. Word is that rent is crazy high there and that might have something to do with some stores leaving. If this new complex ever opens it will probably help lower the rents.

Cielo Vista is doing fine. You literally can't find a parking spot on the weekend unless you park near Hooters. I am don't frequent Sunland Park very often so I don't know how business is there.

[HookTheBrotherUp]

Originally Posted by lipbalm

8 years until it would open? are you kidding me? 8 years is a lifetime in business and alot of things could happen until then. I say this project is DOA. Next.

I agree. The following statement is more of a position the developer is making known through the media that they will not be ready:

"One thing is for sure. We will not build a project until we have the retailers that are willing to move forward," Miller said.

So, I would not hold my breath. As bad as it seems now, my financial advisor told me things will get worse in the coming months. If anyone was around in the late 70's during the Carter years, you'll know what I am talking about. We'll see.

[SA2EP?]

it seems like economists are split on inflation...some say really high, others say not so much. What is almost a for sure is the rising of interest rates.

[utelpaso88]

Sigh, Once again we are going backwards on this project. You know what, just tear it down already! At least it an eyesore won't be there anymore. another 8 years is absolutely ridiculous for a project like this and you wonder why El Paso is always made fun of.

[Gary Siete]

It's their land - they can do what they want with it. The question is the tax rebates - rebates to be given by gov't in exchange for the prosperity, jobs, and benefits that the mall would bring to El Paso. We need those jobs and benefits now - not 8 years from now when the economy is better. If they build 8 years from now then the whole rationale for tax incentives goes out the window. The tax incentives should be on a sliding scale that decreases the further out opening day is pushed.

[SA2EP?]

Originally Posted by Gary Siete

It's their land - they can do what they want with it. The question is the tax rebates - rebates to be given by gov't in exchange for the prosperity, jobs, and benefits that the mall would bring to El Paso. We need those jobs and benefits now - not 8 years from now when the economy is better. If they build 8 years from now then the whole rationale for tax incentives goes out the window. The tax incentives should be on a sliding scale that decreases the further out opening day is pushed.

This