Moreno Valley Mall
Encyclopedia
The Moreno Valley Mall at Towngate is a shopping mall
located on the former site of the Riverside International Raceway
in Moreno Valley, California
.
In the early years competition for tenants divided prospects between competing developers. In September 1996 the City confirmed that lower than anticipated revenues would result in a shortfall estimated to extend the payback period of the $13m infrastructure loan to an estimated 2026 with the loan peaking at $19.5m. Also, the mall was then valued at $66 million, a far cry from its original valuation of $107 million.
Moreno Valley Mall directly contracts with the local Police Service as well as private security firm for security services.
Shopping mall
A shopping mall, shopping centre, shopping arcade, shopping precinct or simply mall is one or more buildings forming a complex of shops representing merchandisers, with interconnecting walkways enabling visitors to easily walk from unit to unit, along with a parking area — a modern, indoor version...
located on the former site of the Riverside International Raceway
Riverside International Raceway
Riverside International Raceway was a race track or road course in Riverside, California. The track was in operation from September 22, 1957, to July 2, 1989...
in Moreno Valley, California
Moreno Valley, California
Moreno Valley is a city located in Riverside County, California.A relatively young city, its rapid growth in the 1980s and the first decade of the 21st century made it second-largest city in Riverside County by population, and one of the Inland Empire's population centers. As of the 2010 census,...
.
In the early years competition for tenants divided prospects between competing developers. In September 1996 the City confirmed that lower than anticipated revenues would result in a shortfall estimated to extend the payback period of the $13m infrastructure loan to an estimated 2026 with the loan peaking at $19.5m. Also, the mall was then valued at $66 million, a far cry from its original valuation of $107 million.
Moreno Valley Mall directly contracts with the local Police Service as well as private security firm for security services.
Former anchors
- GottschalksGottschalksGottschalks was a middle-tier American department store that operated 58 department stores and three specialty apparel stores in six western states ; some locations ran as Harris-Gottschalks stores...
- Store closed due to company bankruptcy in 2009. - May CompanyMay CompanyMay Company may refer to several American businesses:*The May Department Stores Company, a defunct retail company acquired by Federated Department Stores in 2006**May Company California, a defunct California department store that merged with J. W...
- Replaced with Robinson's-May in 1993. - Robinsons-MayRobinsons-MayRobinsons-May was a chain of department stores operating in Southern California, Arizona and Las Vegas, Nevada, previously with headquarters in North Hollywood, California...
- Replaced with Macy's.