Almost three months after the doors to the Perryville Outlet Center shut, it's been announced that the pending sale of the property won't be completed.
"The contract purchaser terminated the contract December 21 because the economics were cost prohibitive," said Perryville town administrator Denise Breder. "We are disappointed. We don't want it to remain vacant," said Breder.
An announcement about a plan for the property was supposed to come this spring. The center, open in Perryville since 1990 closed in mid November. But over the years, the number of open stores dwindled.
The closure of the center has had a ripple effect and the KFC/Taco Bell adjacent to the center also closed.
The center used to have Liz Claiborne, Leatherworks, Etienne Aigner, Oshkosh, Geoffrey Beene, Mikasa, Sears, Rue 21, a toy store, book store, Nike, Paper Factory, Bugle Boy, L.L. Bean, Factory Brand Shoes, and much more.
All rotated in and out of the 45-unit center.
The center had three owners since 1995.
The property is currently zoned commercial highway.
In September 2016, Perryville officials proposed expansion of the Enterprise Zone designation to include 68 Heather Lane, the outlet center property.
That means that if approved, the property would qualify for tax credits both for income tax credits and real property tax credits.