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DILLARD'S DEAL MOVING AHEAD, OFFICIALS SAY; STORE COULD OPEN IN SPRING '99.


Byline: Jim Skeen Daily News Staff Writer

A deal to bring a Dillard's department store to the Antelope Valley Mall The Antelope Valley Mall is an enclosed shopping mall in Palmdale, California.

Opened in September, 1990, its buildings take up around 1 million square feet (90,000 m²). Its physical main building, parking lots, and ring road businesses encompass an area a bit less than 0.
 is looking ``very positive,'' city officials say.

Plans call for the Dillard's to encompass approximately 150,000 square feet just north of the Oasis food court, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 a city staff report.

``If everything goes well we're hoping to see groundbreaking in either summer or fall,'' Councilman David Myers said Monday. ``Things are very positive, there are no snags, no deal breakers Deal Breaker is a thriller by Harlan Coben. It is the first novel featuring Myron Bolitar. It was published in 1995. .''

Dillard's officials have talked of opening the Palmdale store in spring 1999, City Manager Bob Toone said.

Officials with the Dillard's chain did not return phone calls.

Based in Arkansas, Dillard Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores.  Inc. has 263 stores in 26 states. In January 1997, it agreed to buy 10 Mervyn's department stores in Florida from Mervyn's owner Dayton Hudson.

In addition to the proposed Dillard's store, plans call for adding 12,000 to 14,000 square feet of mall shops that would connect the main mall The Main Mall was an outdoor pedestrian shopping plaza in downtown Poughkeepsie, New York, which was in existence from 1973 until 2001. A urban renewal project designed with the intention of stopping the decline of the central business district of downtown Poughkeepsie, the mall  to the Dillard's store, according to a city staff report.

City officials are talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to"
lecture, speech

rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to
 a national chain about adding a restaurant to the mall, Myers said.

``That looks very promising,'' said Myers, who declined to identify the chain.

On Feb. 11, the City Council agreed to subordinate a $2 million city loan to the $50 million mall's developers, Ohio-based Forest City Enterprises, to refinance the mall's initial construction loan. The city had originally required that the $2 million, loaned to Forest City in 1989, be repaid if the mall were sold or the initial mortgage refinanced.

``This is a restructuring for them to get the financing necessary to do the project,'' Myers said. ``It was purely an administrative action. Our loan was already subordinate to the first loan. All we did was change the name.''

In September, Palmdale offered to reimburse Dillard's up to $2 million for improvements made for the store. The money would come from sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government.  generated by the store.

If the deal is completed, the store would become the sixth anchor for the Antelope Valley Mall, which opened in 1990. The other anchor stores are Harris', Gottchalks, J.C. Penney, Mervyn's and Sears.
COPYRIGHT 1998 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Daily News (Los Angeles, CA)
Date:Feb 17, 1998
Words:365
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