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