By Nicole Young - The Tennessean
WHAT HAPPENED: Opry Mills filed suit in Davidson County Chancery Court on Sept. 14, 2010, against its insurers for not paying what it considers full coverage, or $150 million, after the May flood caused more than $200 million in damage at the shopping center.
THE BACKGROUND: Insurers paid $50 million last year, but Gregg Goodman, president of The Mills, a Simon Co., said that money covered only repair work through September. Simon Property Group participates in a joint ownership of Opry Mills and is a 50 percent owner.
WHAT NOW: The lawsuit continues to make its way through Chancery Court. A status hearing was scheduled for Friday, but was postponed until Feb. 18. Status hearings cover procedural issues and paperwork. They are intended to make sure the case is moving toward trial, said Les Morris, spokesman for Opry Mills.
WHAT'S NEXT: Davidson County Chancery Court intends to try the case in February 2012, according to Deputy Clerk Brenda Frady.
"Ultimately, we want to enforce the insurance contracts we believe are in place," Morris said. "We initiated this lawsuit last September and, regrettably, nothing has changed from forcing the insurance contract.
"There is no reopening date scheduled at the mall at this time. We can't talk about an opening date until we get a resolution in this case."
THE MALL IS OVER. IT CAN OPEN AGAIN YET THE NEW CONVENTION CENTER IN NASHSVILLE WILL TAKE THE CONVENTIONS, AND WHO IS GOING TO GO THE OPRYMILL TO SEE A MALL OR A HOTEL?? PEOPLE DON'T GO ON VACATION TO SEE THOSE. WHAT? COOTER'S OLD BUSTED UP CAR, OR WILLY'S OLD HOUSE OF WAX.. NO SORRY IT'S OVER, WISH IF YOU WILL, BUILD IF YOU MUST, IT'S ALL JUST A BAD MEMORY OF HOW GREED KILLED THE OPRYLAND THEME PARK. A PLACE WHERE PEOPLE FROM ALL OVER THE WORLD CAME TO SPEND MONEY IN OUR COUNTRY. THE PARK IN SPRING HILL, AND THE CONVENTION CENTER DOWN TOWN WILL FINISH THE AREA OFF. RIGHTFULLY SO. OH BY THE WAY, THE PARK WAS FLOODED AND RE=OPENED TWO MONTHS LATER. I;LL BET GAYLORD COULD US A PARK NOW!!!!!!!
ReplyDeleteEveryone says Simon has the money to do whatever they want..They didn't get that money by being stupid. Nashville has moved on as will Simon unless they need a write=off for tax reasons. The insurance will be twice as much,and this was a joint venture anyway. Simon only owns 50% of Oprymills. The conventions are going down town with the new convention center and the hotel has suffered grave losses in the months they have been open this year. It is truly over, The Theme Park may have saved the summer months for them and made it viable to stay. Anyway that had it ALL before, there was a nice outlet mall accross the street befoe the Mills came. Shopping, attraction, live music, theme park ( One Of A Kind) hotel. Yes the bigger better deal was there at one time. You never know waht you have until it's gone. I will hate to see the hotel close for it is all that's left of a once will known area. Will know around the world. RIP
ReplyDeleteGramer problems? Yes he does. Yet he is correct. Smarter than the adverage Gay Lord.
ReplyDeleteAll is not lost, don't they own the "Wild Horse" down town? Wonder why they put that down town?
ReplyDeleteFor the same reson that 900,000. people at $40 a head plus food, drinks, games, shops, parking fees, and concert ticket sales. couldn't make them the money they needed to operate and turn a profit at Opryland USA.. "They can't count". I mean they did rebuild the Hotel and plan to spend $12,000,000 to protect it from another flood to get the insurance cost down on a place that is never going to recover.
ReplyDeleteNashsville was a destination(sp) location at one time,I remember that time. You could go to the Outlet Mall across from Opryland USA and meet people from all over the world, at the park you would sit by them in a show, eat next them in the park, see them at Fan Fair. Now only locals witout a life hang out in the area. Conventions have kept it alive, and that is soon to be over. Bass Pro will have to move to servive. The down town area is ok due to the sports event and some attractions, yet we have lostso much. Hope the park in Spring hill helps.
ReplyDeleteWhat happens when it floods again? If one of the two dams in question should fail? Will everyone make it out in time? What if the conventions leave? Cooters, Willy's House of wax, and Micky D's will not bring in the guest.If the new Theme Park in Spring Hill does open it's on the other side of Nashville. That will pull even more people from the area. Two, yes two hotels as big as the Opryland hotel are on the plan!!!! Downtown has the Country Music Hall Of Fame, Hockey, Football, Wild House, Hard Rock Cafe, all types of food anything you want. Soon the convention center and new hotels, Two nice places to have a concert. Clubs,and so much more. I can't see why anyone would waste time in the Mills area unless they are misinformed. ???? Wave pool ? Maybe? No!
ReplyDeleteCan I talk! The funny man with big ears was right. We sent the jobs over seas, and then Gaylord ran off the tourist. They then hired a bunch of people that can't speach english to work in proverty so they could turn a little profit. The total reverse of what "Opryland USA" did and stood for. Good for Dollywood. WOW! Wonder how they make it work, Gaylord out managed by hillbilly hicks, figure that.
ReplyDeleteThe mall has an actual sink hole in it I was told. I don't know about that but the lease money was going do a sink hole long before the flood came.
ReplyDeleteJust another place to go in debt on your credit card. No memories made, no true bonding or fun times. If the Gaylord had left it alone to start with it would be fine now. The shopping center across the street and the park, wow! Now just a bunch of debt, and crap. Whats in your wallet?
ReplyDeleteI hear Bass Pro is shopping around for another location, and it looks like "Providence Place" may be the spot. That's in near by Mount Juliet right off I=40 a much better location traffic wise.Opry mills is done. The area is nasty is an old hood with run down homes anyway. Traffic is dismal and the place is hard to find the first time everyone goes there they take the wrong exit, if you have been you know what I mean. If not try your luck. Be sure you have a full tank of gas.
ReplyDeleteThe mills mall must have been a real money maker, with high turn over, in an old area of town that is all but worthless. No intertainment, limited old food joints, the mall was the only draw in the area. Locals hated the place because it took away the only park in Nashville. " Opryland USA. The place was sold three times in 10 years, it now has over 22 law suits tides to it. If Bass Pro could open back up.... you know Simon could foot the bill by now! I have heard that they are getting leases signed and I have heard that they have to show they have these leases to win the law suit against the Insurance companies. It is needed to prove that the insurance companies are holding up the whole deal and all the stores that want to open. Yet it is not likly to help for they really didn't check things out very well before buying the mall, never knowing it was in a flood zone. This means they could have never purchased flood insurance to begin with. If Simon is all big and mighty; and they are, they know being closed for two years or even one year can't be good of buisness. If they made the money that people claim the mall made, fighting for $150,000,000. could be done after they reopened. No ! They are not going to re-open they are looking for money out of the law suit then a chance to sell the place and get out of it. They have purchased the Prime Outlets in Lebanon and the sales are very good there, they are right off I-40, in a low tax county,with a location they purchased for penny's on the dollar. Why would they compete agaist themself in a dead and dieing area killing their own profits to pay more taxes and run two malls that hurt each other ? With most of the leases comimg due the very month that the Flood happened in the current state of afairs, and with gas moving closer to $5.00 a gallon it would be foolish to think people would drive from miles away past other malls to get to this one. As the other areas grow this area keeps loosing more and more traffic due to lifestyle centers, new roads around the city, and growth in other suburbs around Nashville. The down town area is growing while the rest of the city is dieing off. Mount Juliet is still building new homes and selling them. Even the ole Theme Park Could not save the area around the Mills Mall now. There is a small partof the Grizzly River Rampage ride locate just off from the mall. The mall well soon be something other than a mall. The Hotel is payng $12,000,000. to build leeves to reduce the cost of insurance. Can you imagin waht the insurance will be on the mall now without the leeves, and what it will cost to build leeves to cover that area. Closer to the river and much larger than the hotel area. It will be at least five times as much. The mall that closed the park is now closed itself. If that fool that worked for Gaylord is still there he must have something on someone. Garylord sold their interest in the project after 4 years. I guess they just couldn't shake their "Money Maker". People area kinda looking for something to do rather than set in an over priced hotel all day.
ReplyDeleteSome ideas for the space.
ReplyDeleteThe Nashville Mission.
A new Prision.
Warehouse.
The worlds First indoor scrap yard.
Put a dome on it and make the frist Tennessee BIO=SPHERE.
A reform school. All you need is a fence.
HO MAN ! WE NEED A NEW FLEA MARKET! THEN PEOPLE REALLY WOULD COME FROM FAR AND NEAR.
A 24\7 Gun Show.
Brothel
You know things we can use.
They bill the hotel as the biggest Non-Gaming Hotel in the USA. Is that their way of saying family is important....let me tell you right now...they don't care about family! If they did the Theme Park Would Still be open. And if they could get it re-zoned you better beleave it would have $$$ signs the exit sign the next day. It was then and is now the only thing Gaylord wants. I guess if they are goingto get it they are going to have to move the thing out of the Getto.
ReplyDeleteMake it the worlds largest Bass Pro Shop. Add an indoor fishing pay pond ( I hear they have a nice start with a sink hole ). Add boats and indoor camp sites. Makes a much sence as the stuipid Idea that people would travel from near and far to see a mall as a tourist hot spot. Esp. when all the real history and places to see are down town anyway. " Oh look it's a mall and they have stores WOW! " GET REAL! There is very little to do there, the people the hotel had for conventions went there and walked around for lack of anything to do in the area. Resort- until you get there, no beach, in-fact no water ( Except muddy river water that is contaminated). Resort? Resort to a plan B and a drive into Nashville. When the last convention center in down town Nashville opened Gaylord opt for the Mall over the Theme Park to try to keep the area alive. Bad move, yet was able to get the convetions leveled off with great PR and advertising. The mall helped keep it from being a told wash. Now when people go there for two years and have no mall, no park, the kids are going to hate the place and the convetions are going to be down town . Have you ever been on vacation with a kids that have no nothing to do? The mall lived off of conventions and that with cost going up, gas prices, and the new convention center downtown, is over. As Willy once said in a song; "Turn out the lights the party's over" The Theme Park Did Last 26 years and made it during the 70's when Jimmy Carter was Bankrupty the country, gas tripled, we had 144 people captive in Iran, the cold war was very much in play. Don't forget the other 500 year flood in the area that happened 25 years ago, to the park. Come On ??? !
ReplyDeleteOpry Mills to re-open in 2012 - see latest press release:
ReplyDeletehttp://factoryoutletinsiders.blogspot.com/2011/04/opry-mills-will-reopen-in-2012.html
You can open anything! Making it work for the first time in 10 years. Now that's the key. So much going up everywhere else. No new stuff at Opry Just a mall and the old Shoney's.. and Cooter's old car. What is the resort at Opry Mills? Fishing in the River? Look up Resort, Opry Land Hotel has none of the required aminities. Shoping and a movie? Anyone can do that anywhere! It will be sold as soon as Simon get it 95% leased. ( For the Fifth time in ten year) Still needing $350 million to pay for the rebuild and the money that owed on it. I wouldn't get to excited. To soon.
ReplyDeleteIt looks like the bank in Germany holding the note for Simon is in trouble and may need a bailout itself.
ReplyDeleteHelaba Bank stress test. Germany look it up.
ReplyDeleteMayor and Governor speak in video about Opry Mills opening.
ReplyDeletehttp://factoryoutletinsiders.blogspot.com/2011/04/mayor-and-governor-speak-about-opry.html
We are going to watch the mall go under a finance flood. They will owe more than it's worth on it.
ReplyDelete