The Belgaum city corporation is now planning to build TWO malls in the city by which it expects to generate about 110 crores of income.
The Sakal in its news report says the Corporation is mulling to build one Mall at Kalamandir and other one on an empty plot in Mal Maruti area.
The plan which has been forwarded to the Karnataka infrastructure development corporation also includes Multiplxes in both the Malls.
The modalities of the plan however are yet to be finalized as to how it will be implemented but mostly the Develop Build operate and transfer model is likely to be implemented.
About 77 crores would be the capital investment and the corporation aims to gain about 116 crores from the same.
Kalamandir is spread over 7800 sq mtrs out of which 27000 sq feet would be utilized for the mall and an estimate of 44 crores has been made. The mall will include Multiplex, food court, entertainment park and independent parking.
There is an empty plot measuring 1.35 acres, out of which 20000 sq feet would be utilized for the mall.
People reading this dont just jump out of your seats, these are just plans and plan of makeover of the Kalamandir.
In January 2010, it was decided that in place of Kalamandir a 4 storeyed shopping complex would be constructed but nothing stirred from the plan.