Akron has sold the abandoned and blighted Rolling Acres Mall site for about $9,000 an acre.
The Beacon Journal is reporting that the deal includes tax breaks to a developer promising a $100 million commercial facility expected to generate $30 million in payroll and bring an estimated 500 jobs. The contract to sell the nearly 67 acres of publicly owned land for $600,000 goes to Akron Romig Road LLC.
Mayor Dan Horrigan has declined to say who is behind the acquiring company, which was formed in Delaware. The city acquired Rolling Acres in 2016 and quickly began tearing down the main portions of the mall.
Eslich Wrecking of Louisville was paid $300,000 for the demolition, which ultimately cost $450,000 and was completed last year.