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Cameron Halves $307M Project Cost, Size

MISSION, KS-The company has dropped portions of the Mission Mall redevelopment, and now is going with Walmart-led retail and 300 apartments for about $170 million.

By Robert Carr | Updated on June 14, 2012

MISSION, KS-Tom Valenti, a principal with East Syracuse, NY-based Cameron Group, tells GlobeSt.com that the decision has been made to drop even more planned development at the former $307 million Mission Gateway project here. The new plan calls for about $170 million worth of development, including retail, offices and multifamily.

On Tuesday, Valenti met with city officials and agreed to drop plans for a hotel and a 75,000-square-foot aquarium. Cameron was trying to gain access to $63 million of sales tax revenue bonds, but the market wasn’t comfortable with using the bonds for the new project, Valenti says. “STAR bonds are a strange animal, we’ve decided to go forward without them,” he says.

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