City of Red Wing

City adopts a resolution for a Business Subsidy agreement between the Red Wing Port and PMC Assoc. for $250,000

Tuesday, October 29 2013 12:00 AM

At its October 28 Red Wing City Council meeting, the City Council approved a resolution for a Business Subsidy agreement between the Red Wing Port Authority and PMC Associates. Paul and Marsha Brown, the owners and operators of the Red Wing Mall, were able to secure Jo Ann Fabrics as tenant in the location recently vacated by the Peebles store. PMC Associates, the entity created by the Browns to operate their interest in the Mall provided funding of $400,000 to bring JoAnn Fabrics in as a tenant. With the addition of JoAnn Fabrics the Mall is nearly full to capacity and once again a strong and vibrant retail destination. JoAnn Fabrics has four full-time management positions as well as 24 part-time positions. Other tenants of the Red Wing Mall have seen an increase in customers to their own stores.