Thoughts on City Center Purchase

Would love to hear everyone’s thoughts on the recent purchase of the City Center…

City Center co-owner Mills sold

Local officials hope some good will come of it

Thursday, January 18, 2007

The fate of Downtown’s foundering Columbus City Center mall could be in the hands of a Canadian real-estate company.

Brookfield Asset Management Inc. of Toronto said yesterday that it signed a definitive agreement to acquire Mills Corp., co-owner of City Center and the Mall at Tuttle Crossing, for $7.5 billion in cash and assumed debt.

Guy Worley, chief executive of Capitol South Urban Redevelopment Corp., which owns the mall property, said Brookfield’s interest is a positive step. The transaction is expected to be completed the second half of this year.

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