Local developers have more plans for the former Sears

Local News

Local developers say it has more plans for the former Sears building at the Oakdale Mall.

The Matthews family released a statement yesterday saying they’re currently in confidential discussions with other potential tenants of the 2 story building.

NewsChannel 34 broke the news that Broome County will be leasing half of the 2nd floor to house its Workforce Development Office and portions of the Department of Social Services.

Broome County Executive Jason Garnar says that while the former Sears and Macy’s buildings are under separate ownership, it’s also important to prop up the financial viability of the rest of the Mall.

He says the remainder of the Mall pays around $3 million in combined property taxes to the Village of Johnson City, the JC school district, the Town of Union and Broome County

“It’s vitally important that we have a healthy mall, whatever it looks like. Whether there is retail there whether there’s office space. One of the good things about the Sears building is that it remains on the tax rolls. We did not have to foreclose on it, the owner didn’t walk away from it.”

Garnar says other possible uses for the Mall might include a medical center or a sports and entertainment complex.

He says the former owner of the Mall defaulted on its loans and that the property is now in the hands of creditors.

Garnar believes some resolution of the Mall’s ownership may take place in the coming months.

———————————————————

Download the app for Android or iPhone

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest News

More Top Stories
More Don't Miss