[BobNJ1960]

PZB rejects Milford mall apartments. Trouble ahead.

[Stylo]

Originally Posted by BobNJ1960

PZB rejects Milford mall apartments. Trouble ahead.

Dumb move.

Edit: On second thought, I just looked up what the mall pays in taxes. $3.8 million. Total grand list in 2016 was $6.5 billion. So .5% of the total tax revenue.

I'd pay .5% in extra taxes for that mall to fail and a better use be found for that site. It doesn't do much for our town. Attracts a bad element and adds nothing to our quality of life.

[BobNJ1960]

Originally Posted by Stylo

Dumb move.

Edit: On second thought, I just looked up what the mall pays in taxes. $3.8 million. Total grand list in 2016 was $6.5 billion. So .5% of the total tax revenue.

I'd pay .5% in extra taxes for that mall to fail and a better use be found for that site. It doesn't do much for our town. Attracts a bad element and adds nothing to our quality of life.

Employs a ton of marginally skilled citizens also, and the mall is valued at about 2% of the Grand List. Add in, the surrounding retail is either dying or will w/o the mall.

It has not attracted a good crowd of patrons.

However, I do not think it would be put to better use. We do not need offices. We have a ton available.

[Stylo]

Originally Posted by BobNJ1960

Employs a ton of marginally skilled citizens also, and the mall is valued at about 2% of the Grand List. Add in, the surrounding retail is either dying or will w/o the mall.

Right, my math was off.

Still, I'll take 2% higher taxes. Not that it would ever be totally worthless and without any owner for a considerable time with that location.

Less retail = less competition. It would bring less traffic to the area, but that might offset a boon to other retailers.

I could see a future where the mall is bankrupted or sold, and they keep high performing Target and most of the rest of the mall is razed or re-imagined. The movie theater should also do well post-pandemic, as its yesteryear competition is gone in Bridgeport, Orange, and Stratford. Higher education/medical would be a great use as Yale just keeps growing.

I remember hearing from a friend that RH was looking for a distribution center locally, that would also be an outlet. Amazon is looking for space too. That kind of use makes sense too.

I'd rather that, than this behemoth languishing.

[BobNJ1960]

An Amazon DC is the only reuse I see as possible.

US1 Milford is full of empty retail locations.

The tipping point at Milford will be when Macys exits, as the entire chain is in dire shape.

[CTartist]

Originally Posted by BobNJ1960

The tipping point at Milford will be when Macys exits, as the entire chain is in dire shape.

Lord and Taylor and now Macys?

[Stylo]

Originally Posted by BobNJ1960

US1 Milford is full of empty retail locations.

Considering what’s going on right now, it’s really not that bad.

[CTartist]

Originally Posted by BobNJ1960

Employs a ton of marginally skilled citizens also, and the mall is valued at about 2% of the Grand List. Add in, the surrounding retail is either dying or will w/o the mall.

It has not attracted a good crowd of patrons.

However, I do not think it would be put to better use. We do not need offices. We have a ton available.

That's not so bad but as a resident of Trumbull I'm screwed. I just looked up all the info on AdvanceCT (the old CERC website).

The Milford Mall is about 2.2% of the grand list. My Trumbull Mall is about 4.6% of the grand list and our taxes are already high. Trumbull does not have all of Milford's commerce and that is why we need to have the apartments go in near our mall. We also need to let the new mall owners and our zoning board do what ever they need to do to save our mall area.
Here is the info



The Trumbull Mall has four anchors: Target, Macys, Lord & Taylor (that's gone) and JC Pennys. It seems Pennys and Macys are in big trouble. If three of the Trumbull Mall anchors go out I can't imagine what will happen. It will kind of be like a mill town when the mill shuts down. Trumbull's first major employer according to AdvanceCT is the mall.

[BobNJ1960]

Originally Posted by CTartist

Lord and Taylor and now Macys?

Correct. Macys has been bleeding cash a long time, and covid made it worse. Same thing expediting the demise of retail..cash flow.

[BobNJ1960]

Originally Posted by CTartist

That's not so bad but as a resident of Trumbull I'm screwed. I just looked up all the info on AdvanceCT (the old CERC website).

The Milford Mall is about 2.2% of the grand list. My Trumbull Mall is about 4.6% of the grand list and our taxes are already high. Trumbull does not have all of Milford's commerce and that is why we need to have the apartments go in near our mall. We also need to let the new mall owners and our zoning board do what ever they need to do to save our mall area.
Here is the info Attachment 224318


The Trumbull Mall has four anchors: Target, Macys, Lord & Taylor (that's gone) and JC Pennys. It seems Pennys and Macys are in big trouble. If three of the Trumbull Mall anchors go out I can't imagine what will happen. It will kind of be like a mill town when the mill shuts down. Trumbull's first major employer according to AdvanceCT is the mall.

Retail with 5,552 staff is Milford's largest sector.

I like that site.. Thanks.

Maybe we can get Woodruff Seed back? yes, teasing..

http://www.orangehistory.org/the-seed-industry.html