Charlotte Looking At Alternate Eastland Mall Development Options -

Charlotte Looking At Alternate Eastland Mall Development Options

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The City of Charlotte's Economic Development Committee voted not to extend a memorandum of agreement with Studio Charlotte in the redevelopment of the old Eastland Mall property. The committee is moving forward with a redevelopment approach that would break the property up into smaller parcels.

Brad Richardson, Economic Development Manager for the City of Charlotte said, "We didn't feel like we had the information that gave us enough comfort to mitigate the risk in a relationship with one developer." Studio Charlotte had asked for more time to find out what type of incentives state lawmakers may provide for filmmakers, but the Economic Development Committee said it was time to move on and consider other redevelopment projects for the former Eastland Mall site.

The city says it's still interested in continuing talks with Studio Charlotte after the memorandum of understanding between the two expires March 31. A smaller space at the back of the site would be reserved for a film studio to possibly locate, but the recommendation from city staff is to sever the exclusive relationship with Studio Charlotte.

The plan has to be voted on by Charlotte City Council. The committee tells us it will be placed on city council's agenda for Monday's meeting.

What do you think about the commission's decision to end the agreement with Studio Charlotte? We want to hear from you. Email or Tweet @RobinFox46 or @Fox46Carolinas.

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