Last week, no bids were submitted for the second and final sheriff's sale for the property, leaving the City of Akron to obtain the deed to Rolling Acres Mall.
Akron Mayor Dan Horrigan said when no bids were submitted June 21, Summit County Assistant Prosecutor Regina Van Vorous filed the order of forfeiture and the paperwork to transfer the deed to the City of Akron. All back taxes were cleared and the transaction was estimated to be completed in late July.
Horrigan said he was pleased about the movement on the property.
“This property has been stagnant for far too long. The next step is to work with my administration to devise steps for a long-term plan of first most likely demolishing the structure, which will assure the safety of Akron’s citizens in the area, and then determining a productive and profitable use for the land,” Horrigan said.
He continued, “We’re open to all possibilities. We’ll need solid plans for development presented to us, when the time is right. I see this property as a great opportunity for thinking big. This is a very large plot of land with great highway access, a great commodity near the heart of the City.”
Some developers have shown interest in the property, but no formal presentations were given or scheduled, Horrigan said.