From Deseret News archives:
Displaced tenants give downtown the brushoff
RDA had hoped firms would move from malls to Main
But as construction grows near and more and more stores vacate the malls, hopes are dwindling.
Despite lobbying efforts from public officials and even the lure of free taxpayer cash, tenants are moving elsewhere or simply closing their doors.
"We made a gallant effort," Salt Lake City Redevelopment Agency Board Chairman Eric Jergensen said. "Some of the people were really not interested in staying in business and that's fine, but at least we made the effort. Our desire was just to create the atmosphere where if people wanted to pursue staying downtown they could."
The former hope was that while the malls were under construction, Main Street would again be full of tenants, instead of "For Rent" signs.
Hopes were so high, in fact, that the City Council last April allocated $100,000 in free cash that would be doled out in $20,000 increments to any business that wanted to move out of the malls and onto downtown streets. Council members even said they would allocate more cash if demand was high.
The cash was supposed to help tenants with the cost of moving and potentially upgrading their new digs.
Downtown real estate broker Vasilios Priskos, who was helping displaced mall retailers find new homes downtown, said as many as 30 locally owned businesses could be in need of relocation.
Without the new grant program, Priskos said many of those businesses would close and never return to downtown.
"Once they've closed their doors, they're not going to come back," he said then.
Fast forward to August and there has been only one taker the owner of a pair of cellular telephone kiosks inside both malls who wants to move his business to Main.
"Everyone else is thinking they're going to go somewhere else" besides downtown, RDA executive director Dave Oka said. "To tell you the truth, we welcome anyone that wants to stay on Main Street and would encourage them to give me a call."
The kiosk grant will be considered by the city's RDA Board next week.
Instead of downtown, Trolley Square seems to be a popular destination for former downtown mall tenants stationery shop Tabula Rasa has gone there. Others, like Hammond Toys, plan farther moves. The toy store is going to leave downtown after Christmas and open up in Orem.
Some, like the Greek Town Grill, have just gone out of business.
Although it won't be taking any grant money, one good-size mall tenant is looking to relocate downtown. Metro Sports Club will be asking the RDA Board to allow them to refinance some debt that will allow the fitness center to open on Regent Street between 100 and 200 South. Wasatch Properties, which owns the fitness club, has a deal with the RDA going back to KUTV Channel 2's move to the Wells Fargo Center on Main. Wasatch owns that building as well and would need the RDA's OK to refinance some debt to facilitate a $1.2 million move to Regent Street.
E-mail: bsnyder@desnews.com
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