Gaithersburg Mayor and Council to consider allowing City Manager to negotiate with Lakeforest parcel owners

Gaithersburg's Mayor and Council will consider a resolution tonight that would allow the City Manager to negotiate and enter into agreements with the owners of parcels at Lakeforest Mall. WRS, Inc. recently purchased the main mall structure itself, but some of the anchor tenants own their individual buildings. This is a standard situation at most malls, including Montgomery Mall and the late White Flint Mall.

Proposed resolution regarding Lakeforest Mall

City staff are recommending the Mayor and Council approve the resolution tonight. The Mayor and Council have already agreed to postpone discussion of a proposed moratorium and area study for Lakeforest Mall until September 3, at the request of WRS, Inc.