SWANSEA SELECTMAN UNVEILS INNOVATIVE SOLUTION TO BLIGHTED SWANSEA MALL
Senior member of the Board of Selectmen, Attorney Christopher Carreiro, will make a comprehensive presentation to Swansea Officials and the Board of Selectmen on January 2, 2019 at 6:30PM at the Swansea School Administration Building, to propose taking the blighted Swansea Mall by eminent domain.
Carreiro said "Wal-Mart's restrictions imposed on the Swansea Mall in 2012 are oppressive, contrary to public policy, and have made comprehensive redevelopment of the Swansea Mall impossible. These restrictions must be extinguished by eminent domain so that the highest and best use of the Swansea Mall can be realized."
Carreiro's proposal was developed over the past 18 months and will explain that the Town of Swansea, acting through a proposed Redevelopment Authority, would not expend its own funds to purchase the Mall, instead it would utilize its eminent domain powers to act as an intermediary, and bring the buyer and seller together, for the purpose of releasing all restrictions on the land, to effectuate redevelopment.
Carreiro stated "The Town of Swansea has lost, in the aggregate, over $6.5 million dollars in tax revenue from the declining Swansea Mall since 2004, and government intervention is now absolutely necessary to promote economic development and revitalize Swansea Mall Drive and the Route 6 corridor."
Carreiro's presentation will include details of the economic conditions and events leading to the deterioration of the Swansea Mall, as well as the required governmental action necessary to commence government intervention.
Carreiro has also identified two additional vacant parcels of land, located along Route 6, for an eminent domain taking, which Carreiro has deemed ripe for redevelopment.
The presentation will also discuss the possibility of incorporating Swansea Town Hall and other municipal departmental offices into a redevelopment plan for the Swansea Mall property.