The District of Houston will be losing a bit of money from the Houston Mall owners.
The Property Assessment Review Panel will make the District reduce Realacorp Management’s tax assessment, costing Houston over $14,000.
The Mall was the home to Supervalu, a grocery store that closed late last month due to underperformance according to parent company Loblaw.
Residents now have to travel 40-50 minutes out of town for groceries with no news of a grocer taking Supervalu’s place.
Realacorp had no comment about any replacement grocery store in the mall or the reasons for the reduction in their assessed value.
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