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Northridge Mall's prospective buyer walks away after failing to reach agreement with city (www.bizjournals.com)

submitted 2 years ago by mke_geek@lemm.ee to c/milwaukee@midwest.social

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This is very disappointing. Why couldn't the city work with the buyer instead of fighting them?

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[–] ieightpi@lemmy.world 3 points 2 years ago

Unless I'm misinterpreting the article, the Phoenix Firm didn't want to raze the old mall. This seems like a problem since it's old, not up to code and its just falling apart. They also wanted to turn it into a wearhouse I think? Sounds like the city wants that land to be better used. And they want it razed for up-to-code buildings. In the end that would be cheaper than revitalizing it.