In a recent informal meeting, members of the Economic Development Authority (EDA) expressed their concerns regarding the ongoing challenges associated with the Military Circle property. The meeting, attended by volunteers dedicated to the city, highlighted the urgency of the situation as the EDA has been the titled owner of the property since 2020.

The EDA's chair noted that the decision to close the mall has led to escalating demolition costs, which are rapidly depleting their financial resources. A settlement with former tenants, including movie theaters, provided some initial funding, but the chair warned that these funds would be exhausted within the next year and a half, raising concerns about the future of the site.

The chair emphasized the need for better transparency and inclusion in the planning process, suggesting the appointment of a liaison to facilitate communication between the EDA and the city council. They expressed gratitude for an upcoming meeting with consultants focused on the mall, urging continued collaboration to develop a vision for Military Circle that benefits both the authority and the city.

The meeting also included a closed session to discuss the disposition of publicly held real property in the downtown area, citing potential impacts on the public body's bargaining position if discussed openly. This highlights the ongoing strategic considerations as the city navigates its development plans.