Transfer of Ownership Completed for Factory Merchants Mall
(File Photo)
By: Monte Schisler, News Director
Posted: Saturday, January 07, 2012
Branson City Hall says all the necessary paperwork is finished, and the transfer of ownership deal, for the Factory Merchants Mall, is now complete. The real estate closing was supposed to happen Thursday, but was delayed one day to take care of some clerical issues. Under terms of the agreement approved by the Branson Board of Aldermen late last month, Indianapolis based Simon Property Group agreed to pay the City of Branson 300-thousand dollars to break its long term lease. The company also agreed to a 6-month management agreement to help current tenants find new locations. The City has not decided what it’s going to do with the mall, located near Highway 76 and Gretna Road. City leaders have suggested public hearings in the coming weeks to gather input from Branson residents.