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Wausau rent deferment for CBL Properties tabled

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Wausau Center Mall
Wausau Center Mall

WAUSAU, Wis. (WSAU) -- Wausau wants a face-to-face meeting with the owners of the Wausau Center Mall. Previously, the city’s Finance Committee and Economic Development Committee approved waiving a year’s worth of rents for CBL Properties to allow them to make changes to the mall.

Council President Romey Wagner says the council needs to have a discussion with CBL about the future of the mall.  “Well, sending that back to Economic Development (Committee), I think we sent a strong opinion that CBL needs to come forward and talk to us.”

Wagner didn’t rule out the city eventually supporting the rent breaks to help keep the downtown centerpiece viable, but believes the city may have moved too quickly up to this point.  “We decided we were a bit premature in giving them some money, deferring some of their rents and payments on a word that they would use it to remodel the JC Penney’s to attract more stores, so it’s important for them to come here and talk to us.”

Wagner told the council this is like UW Stevens Point playing football against the Packers, which would be an obvious mismatch, and. “We don’t know what their game plan is.”

The council voted to table the $146,000 package, and directed city administration to make contact with CBL Properties to set up a meeting.

CBL Properties has announced they are trying to sell several malls around the country.

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