Moreno Valley Mall

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Moreno Valley Mall
Facts and statistics
Location Moreno Valley, California
Address 22500 Town Circle, Suite 1206
Opening date 1992
Owner General Growth Properties, Inc.
No. of stores and services 140+
Total retail floor area 1,090,000 sq.ft
Parking 6,500
No. of floors 2
Website Website
Footnotes
[1][2]

The Moreno Valley Mall at Towngate is a shopping mall located on the former site of the Riverside International Raceway in Moreno Valley, California.[1]

In the early years turnover fell far short of that estimated by the developers.[2] In September 1996 the City confirmed that the shortfall will extend the payback period of the $13m 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.[3]

Moreno Valley Mall directly contracts with the local Police Service for security instead of using a 'for hire' Security service.[4]

  • Mayor anchors include:

[edit] References

  1. ^ "2 Developers in Race for Sole Moreno Valley Mall Both Compete for Tenants to Build Project", L.A. Times. Retrieved on 2008-01-05. 
  2. ^ "2 Developers in Race for Sole Moreno Valley Mall Both Compete for Tenants to Build Project", L.A. Times. Retrieved on 2008-01-05. 
  3. ^ "Riverside, Calif., Mall's Financial Woes Put Pinch on City Coffers", Knight RidderTribune, September 15, 1996
  4. ^ "Patrol Division", www.moreno-valley.ca.us. Retrieved on 2007-12-18. 
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