'The Shopping Shift:' What's the future of ShoppingTown Mall?

DEWITT (WSYR-TV) - As stores continue to leave Shoppingtown Mall in DeWitt, the project seems to be at a standstill and it's largely unknown what the company plans to do with the dying mall.

According to Onondaga County tax records, Shoppingtown's owners, MoonBeam Investment Group, owes more than $5 million in unpaid taxes.

According to the Town of DeWitt's Director of Development and Zoning, Samuel Gordon, the tax delinquency means the town could seize the property. Gordon says a best-case scenario is for MoonBeam to sell the property or partner with another company to redevelop it.

Gordon expects people to see activity there in 2 to 5 years, but he expects the project to get worse before it gets better.

He says, "Sometimes, a property needs to hit bottom before the cost of getting in for redevelopment is low enough that it makes sense to make that investment."

Gordon says a likely option for the project would be what's called a lifestyle center - a town-center-style complex that combines retail, office space, entertainment and housing.

Mashpee Commons, in Mashpee, Massachusetts, is a complex similar to what Gordon envisions for Shoppingtown Mall.

Despite NewsChannel 9's several calls and emails to MoonBeam Investment Group, the company has not responded to comment on Shoppingtown's future.


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