The tentative deal involves the mall’s owners gifting to the City of Tupelo a grassy parcel of land south of the Belk department store parking lot. In return, the city would take over maintenance of Mall Drive – which starts at Barnes Crossing Road and then loops around the mall – as well as Harmony Lane, Symphony Lane and Mississippi Drive, which feed into Mall Drive from North Gloster Street.
The city would then gift the property to Tupelo Commons owner and developer V.M. Cleveland, who would build a connecting road from Commonwealth Boulevard – which loops from North Gloster Street at Best Buy to behind Lowe’s – to Mall Drive.
The city and Cleveland have agreed to the deal. They are awaiting word from the mall’s co-owners – Kentucky-based David Hocker and Associates and New York-based Rouse Properties.
In taking over maintenance of the streets around the mall, the city would pick up 2.9 miles of roadway that the mall has had to look after since 1990.
READ MORE details and reaction in Thursday’s Daily Journal.