Updated at 3:30 p.m. on May 24 — The estimated costs of the total infrastructure improvements at the former Landmark Mall site have ballooned 40% since City Council signed off on the project in 2021, forcing the city to get creative with its financing.
Tonight (Tuesday), the City Council will vote on directing City Manager Jim Parajon to execute an agreement between the city, Landmark Land Holdings (a joint venture between Foulger-Pratt, The Howard Hughes Corp. and Seritage Growth Properties.) and Inova Healthcare Services to address the $62 million shortfall.