The proposed Tanger outlet mall in Delaware County is a step closer to breaking ground. The Delaware County Commissioners have approved a development agreement that provides funding for transportation improvements in and around the site of the proposed mall along Interstate 71 at the state Route 36/37 interchange.
The 350,000 square foot outlet mall will be built on 57 acres of land on the southeast side of the interchange.
Under the terms of the development agreement, Tanger will bear the up front costs for the transportation improvements but will have incentives to provide for reimbursement. The agreement says the county has appropriated $8 million for public improvement costs.
Delaware County Commissioner Gary Merrell says the agreement shows that the party’s are all on board. “We had to get this done to ultimately get to the groundbreaking which will occur in early June,” Merrell said.
The County partnered with the Ohio Department of Transportation, the Columbus Outlets, LLC, Berkshire Township, and the Berkshire Landing New Community Authority to develop the agreement that was passed unanimously by the Commissioners during Monday’s session.
“This new outlet mall will bring good jobs, quality retail and valuable tax revenue to Delaware,” said Commissioner Barb Lewis.
Initial estimates are that the outlet mall will employ 800 people and generate close to $20 million in sales tax revenue in its first ten years of operation.