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Future Uncertain For Downtown Mall Stores

Future Uncertain For Downtown Mall Stores

Posted - May 18, 2004 at 10:35 a.m.



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(Salt Lake City-AP) -- The future is uncertain for businesses at the two downtown Salt Lake City malls.

The Church of Jesus Christ of Latter-day Saints owns the Crossroads Plaza mall and the Z-C-M-I Center across the street. And while plans for redevelopment are up in the air, so are the leases of businesses inside the malls. And that has businesses nervous.

Upscale paper store Tabula Rasa has received a notice saying future leases are uncertain. And MultiMediaCenters-dot-com's lease is not being extended past June.

Wet Seal is closing its doors at Crossroads this week, along with Utah's only Frederick's of Hollywood, followed by Frog World.

The church's real estate arm says they're trying not to enter into long-term lease agreements while redevelopment plans are being worked out.

(Copyright 2004 by The Associated Press. All Rights Reserved.)

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