Revitalization of Cloverleaf Mall Delayed by Recession
Chesterfield County will construct a fence with locked gates around the Cloverleaf Mall Property next week because of vandalism and trash dumping. But as Charles Fishburne reports, the county still has hopes it will eventually emerge as a multi-million dollar retail and residential center.
Ambitious plans for a new lease on life for the old Cloverleaf Mall will have to wait.
Jacobson: What we have decided is to close off access to the sides of the Cloverleaf Mall and the rear of the Cloverleaf Mall.
Tom Jacobson, Director of Revitalization, says the recession has delayed plans for a multi-million dollar mixed-use retail and residential complex called Stonebridge.
Jacobson: It's a critical gateway to the county; Midlothian Turnpike is one of the county's major business corridors.
The county has committed 11 million to the old Mall property, has a contract with a Charlotte developer and hopes the financing and the economy could turn around by fall.
Jacobson: This project is big enough to be able to stimulate other development and reinvestment and faith that this is going to be a good, solid business residential area in the future.
Meanwhile, the fences and the gates go up next week, and revitalization will have to wait for better times.
Charles Fishburne, WCVE News