Charlotte City Council Approves Buying Eastland Mall
CHARLOTTE, N.C.--The city of Charlotte is taking a big step to revitalize the east side. City Council approved a plan to purchase the old Eastland Mall property.
It will cost almost $14 million to buy the 80 acres from its seven owners. Several companies are interested in converting the property into a movie studio with sound stages.
The city has to pay $750,000 in earnest money by the end of the month. The goal is for the deal to close by the end of August.
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