The Yankton City Commission has agreed to set up a special tax assessment to help the Yankton Mall with reconstruction plans.

Toby Morris, a financial specialist working with the Dial Group, the owners of the mall, says the assessment is a key part of the financing needed for the mall improvements…

 

Morris says the special assessment will not raise taxes on anyone other than the mall…

 

Terry Cluff, C.E.O. of the Dial Group, told the commission that the assessment is critical to the financing plan…

 

The assessment would raise about two million dollars of the expected six million dollar remodeling plan. Cluff told the commission they anticipate increasing the leased space at the mall from fifty percent to about ninety five percent at the end of the reconstruction.