According to this story by Holly Nunn in Gazette.net, the malls demise has long been expected. “The shuttering of the mall comes after five years of proposed redevelopment, as the mall’s management changed hands and funding for development projects dried up.”
Greenberg Gibbons took over the project from General Growth Properties who was managing it on behalf of Somera Capital. The reborn and rechristened Laurel Town Centre will be an open air lifestyle center and will include over four hundred residential units.
Once it gets underway that is. Right now, and for the foreseeable future, it is simply another dead mall.