Opry Mills Announces Reopening Plans

Here’s another piece of good post-disaster news: Opry Mills is expected to reopen next year.

The center was submerged in last year’s historic floods in Nashville, and has been closed since while repairs were negotiated. Fortunately, the center has now reached an agreement with its lenders to finance the rebuilding of the mall. It’s still in litigation with its insurers to pay for their obligation to repair the flood damage, but the now repairs will go forward no matter how that suit turns out.

“We are thrilled that Opry Mills will be able to spring back to life,” said Gregg Goodman, president of The Mills, a Simon company. “Our shoppers will once again be able to experience the great shopping, dining, and entertainment options that made Opry Mills such a huge hit when it opened in 2000 and the general community will benefit from the construction jobs, the return of the retail jobs, and the resulting tax revenues.”

Many of the center’s retailers have held out and are committed to be part of the reopening plans. For those that will be unable to reopen, replacements have already been found.

“The decision to reopen Opry Mills is a testament to Nashville’s strong economy and our resilience in recovering from the 2010 May flood,” Nashville Mayor Karl Dean said. “Opry Mills provides over 3,000 retail jobs in our community and has a significant impact on our tax base and the other businesses in the Music Valley area. Its return in 2012 will be another great moment in our city’s recovery, and we very much look forward to that day.”

Tennessee Governor Bill Haslam said, “This is representative of the remarkable effort exerted to restore the lives and livelihoods affected by the 2010 floods. Bringing these thousands of jobs back online is an incredible boost, and I commend those involved to make this happen so quickly. Tennesseans and Opry Mills have shown everyone how to bounce back.”

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