ELYRIA, Ohio — A planned sale of Midway Mall in Elyria has fallen through after the buyer terminated its purchase agreement following a due diligence review.
According to a release from the Lorain County Port Authority, which acquired the 58-acre property two years ago, Industrial Commercial Properties LLC notified the agency on Nov. 26 that it was ending the deal, citing dissatisfaction with its review of the property.
Port Authority Chair James Miller said ICP acted professionally throughout the process.
"While this outcome is not what any of us hoped for, we respect their internal business decision and wish them well moving forward," Miller said.
Several potential buyers contacted the port authority while the ICP deal was stalled, expressing interest in the property, Miller said.

WKYC Cleveland

WFMJ-TV
@MSNBC Video
AlterNet
Los Angeles Times Politics