Summary
Charleston’s mayor says the city is in talks to buy the Town Center mall, which would make City Hall the owner of downtown’s biggest property. If it happens, the city would get to shape redevelopment instead of leaving the mall’s future to a private owner.
At a glance
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Impact analysis
The big question is whether buying and redeveloping the mall is a smart use of public money—or a costly gamble that taxpayers end up covering.
Downtown residents and nearby businesses could benefit if city ownership speeds up redevelopment and makes the mall area more active.
Taxpayers could be on the hook if the deal costs more than expected or the city struggles to redevelop the property.
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