Wednesday, January 14, 2015 – 10:30 a.m.
The bankrupt city of San Bernardino has placed the dormant Carousel Mall up for sale.
It’s the first move, by the city, to start the process to divest itself of real estate/redevelopment agency assets.
Why the city chose to start the process with the mall property is questionable.
Here’s just a few glaring issues.
- The mall is located square in the middle of the vacant cesspool known as downtown.
- The adjacent building formally occupied by J.C. Penney is owned by the San Manuel Band of Mission Indians.
- The adjacent Harris Building is owned by foreign investor El Corté Inglés.
- The adjacent and mostly vacant Andreson Building is owned by a private investor group.
- All three have an irrevocable interest in a reciprocal parking agreement.
- All three are private investors who will have an interest in any sale.
- Any potential buyer will likely need the aforementioned properties to execute any type of development.
Let’s also not forget about the nearby and vacant multistory hotel, and vacant, damaged and uninhabitable convention center.
Here’s the announcement: Solicitation of Interest for 43-Acre Transit-Adjcent Site in Downtown Core of San Bernardino