What's the Future of Mounds Mall in Anderson?
The near future of the shuttered Mounds Mall in Anderson remains uncertain, however the property tax bill is now current. Our partners at The Herald Bulletin report the owners, the Cook family, recently paid the delinquent property taxes on the 32-acre tract.
The paper says the family, through the Elda Corp. and Mounds Mall, paid the $301,027 in taxes owed on several parcels.
Florida business owner Mark Squillante purchased the Mounds Mall building at a Madison County commissioner’s certificate sale for $12,000 earlier this year, but the Cook family still owns the land. According to the publication, the Cook family is still trying to determine its next step.
The Cook family shutdown Mounds Mall in April 2018 after the last anchor store, Carson’s department store, closed.
According to the publication, Squillante is assessing the roof, heating and air conditioning systems in the building. He told the newspaper he is hoping to repurpose the enclosed mall for retail and commercial development.
While the mall is closed, the Mounds 10 movie theater and an optometrist office continue to operate inside the building because they have exterior entrances.
You can read more from The Herald Bulletin by clicking here.