According to a report in the Springfield Connection Jan 6-12, 2011, Vornado Realty Trust is set to begin a multi-phase renovation project in the March-April timeframe.
Nancy-Jo Manney, Director of the Greater Springfield Chamber of Commerce stated that the mall owners were currently in talks with potential tenants.
Word is that last month, Vornado settled on a new purchase price of $115 million, down from $171 million, and can now move forward with renovation.
The renovations scheduled will focus on the mall's interior, including bringing back the movie theatres with new stadium seating, and a new food court. The company has already started testing out new floor tiles in front of its Macy's store.
It is not yet known when grandiose plans for the Springfield Town Center will be put into place, if ever.