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FOR IMMEDIATE RELEASE
Wednesday, August 14
 
Contact: Steve Allen
704-336-2753
STATEMENT
On Tuesday afternoon, August 13, the City of Charlotte’s Neighborhood & Business Services department was informed by ARK Ventures, Inc. that the company was withdrawing its proposal for the redevelopment of Eastland Mall.  ARK Ventures, Inc. has expressed an interest in revisiting the proposal and working directly with the City of Charlotte in the event that the City does not reach a satisfactory agreement with the remaining proposer, Studio Charlotte Development, LLC.  The City of Charlotte thanks ARK Ventures, Inc. for its effort and interest in the redevelopment of Eastland Mall.
 
On Thursday, August 15, City Council’s Economic Development Committee will discuss the Studio Charlotte Development, LLC proposal and, if ready, approve a recommendation to the full Council for action on August 26.  The Economic Development Committee will meet at noon in room CH-14 of the Charlotte-Mecklenburg Government Center.