National Developer Signs On With Downtown Malls

National Developer Signs On With Downtown Malls

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SALT LAKE CITY (AP) -- A national mall developer has signed on to help renovate downtown Salt Lake malls.

Yesterday, The Church of Jesus Christ of Latter-day Saints announced the collaboration with Taubman Centers Corporation.

Taubman will become a part owner of the retail portion of the multi-million dollar renovation of the Crossroads Plaza and ZCMI Center malls.

In addition to the renovations, the church may build up to 9-hundred housing units on the two blocks.

L-D-S and Taubman officials haven't said when construction will begin or whether the malls will be open on Sunday or allow alcohol to be served.

The projects are expected to cost 500 (M)million dollars.

Taubman owns or manages 24 shopping centers across the country.

(Copyright 2005 by The Associated Press. All Rights Reserved.)

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