Comments about ‘City Creek Center sues to evict food court tenant’

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Published: Thursday, Aug. 2 2012 7:06 p.m. MDT

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My2Cents
Taylorsville, UT

This is just the beginning. Not even 3 months open and business are already starting to collapse in this $1.5 billion dollar boondoggle. But I think every one already knew this was doomed to fail, just not so soon.

But now its too big to fail so Utah and the Feds will be working on some bail-out funding to keep the building open as a homeless shelter now.

I've always been convinced this was a bad investment and poorly planned venture that is going to cost Utah billions of dollars in losses in addition to the economic crisis coming to critical mass. The next few months and even the holiday adventurist will not save this empire. Downtown SLC and Utah does not have a population that can sustain an opulent mall and stores and its always been a known fact. Not even Park City where the most wealthy residents of Utah live can sustain this kind of oppulence, ever again.

It's sad that SLC and Utah is so blind they don't see the mudslide they are riding down a doomed economy.

Makid
Kearns, UT

My2Cents, you might be surprised but City Creek is busy all day long every day of the week minus Sunday while they are closed.

The place is adding businesses. It needs to evict the company from the food court because that company hasn't paid rent or insurance as per their contract. Once they are out, another company will be in quickly to fill the space.

They opened at 93% leased. By October, they will be 97% leased. That sounds like it is filling up, not emptying out.

Also, the apartments at City Creek Landing are 100% leased and the condo's are filling up.

I don't know how this is a boondoggle as you like to say. No public money was spent, the developers are starting to see a return on their private investment and people are flocking there to shop. This has also increased foot traffic along Main Street and has decreased the empty storefronts on Main as more people open new shops to take advantage of increased pedestrian traffic along Main.

Exactly how is this a failure if it has met or exceeded what it was expecting for such a short time since it opened?

CHS 85
Sandy, UT

@Makid

I work across the street from City Creek and believe me, the place is not as packed with happy shoppers throwing money around like you describe.

In fact, walking through Macy's is like fending off used car salesmen. There are few customers and lots of staff.

Maybe it is busy in the evenings and on Saturday, but during the weekday, it is pretty quiet - too quiet.

BTW, Big Sal's has pretty good food, but that corner next to McDonald's and Red Iguana, competition is pretty fierce. Best of luck to them.

MrsH
Altamont, UT

Yep, my2cents, I can see your logic. ONE tenant, who is BEING EVICTED FOR NOT PAYING THEIR RENT, must leave the center...now the whole enterprise is going under fast. Yep, that is logical.

I guess only time will tell, right?

Fitz
Murray, UT

This is news? Since when did evicting a tenant for not paying rent and complying with the terms of the lease become news. And this is such a small tenant. If this was a major player, that would be different, but a small player like this, who cares?

Richard Larson
Galt, CA

Ho-hum.
The honeymoon is over.

CHS 85
Sandy, UT

@Fitz

I think it is published as a warning to the other tenants to pay their rent and pay it on time or they will be dragged through the press - at least the press outlets owned by the same organization.

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