Opry Mills plans to reopen its doors to shoppers in Spring 2012. The building was badly damaged by floodwaters in May 2010 and has been closed since the flood. As many other Nashville institutions have been able to clean up and reopen their doors, Opry Mills has been involved in a lawsuit with insurers over $150 million needed to reopen all of the stores inside the mall. At this time, only Bass Pro Shops has been able to fully recover and open to the public.
Though the lawsuit battle continues, a local bank has agreed to loan the money needed to renovate the inside of the mall enough to open back up within the next year. Regal Theaters hopes to open before the rest of the mall; they received a $4.1 million building permit last week for renovations specific to the theater. The stores that plan to return to the mall include Off Fifth Saks Fifth Avenue, J. Crew Factory, and Banana Republic Factory Store, to be joined with new retailers including Coach Factory, White House Black Market, and Under Armour Factory House. Once the mall reopens, it plans to employ 3,000 people and bring in $26 million in sales tax revenue. We are certainly excited to have Opry Mills open its doors again!