Niles officials approve $96 million agreement to redevelop Golf Mill [Yahoo! Finance]
Ross Stores, Inc. (ROST)
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Source: Yahoo! Finance
Demolition of much of the indoor mall could start as soon as this fall, according to a village of Niles official, who said many of the larger existing stores would remain open for business through that period. Construction of the new Golf Mill, with outdoor plazas, a pond and a water wheel, is set to begin in late 2025 or early 2026, according to an executive from Sterling Organization, Golf Mill's owner. Sterling is expected to spend over $440 million on redevelopment, which will take place over two phases and demolish most of the mall's existing infrastructure. Sterling would be eligible to receive up to $96 million in tax increment financing bonds from the village for the first phase of construction at Golf Mill. Mitch Johnson, the village's communications and multimedia coordinator, said the first step of redevelopment at Golf Mill will be demolish the round medical office building, the vacant buildings on the property and the enclosed mall. An exact date is not set, but th
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ROST
News
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ROST
Earnings
- 5/23/24 - Beat
ROST
Sec Filings
- 6/12/24 - Form 10-Q
- 6/5/24 - Form 4
- 6/4/24 - Form 4
- ROST's page on the SEC website