OWENSBORO, Ky (WEHT) – Officials have confirmed that the Towne Square Mall in Owensboro will be shutting down on September 5. The Chief Operating Officer of Gulfstream Enterprises & Envision Contractors, LLC, Ed Ray, confirmed the news to Eyewitness News.

The announcement of the closure comes two months after TSM Holdings issued a statement blaming the Owensboro City Commission for Churchill Downs Incorporated withdrawing a $30 million investment to build an expansion for Ellis Park inside the mall. Churchill Downs Incorporated say they have secured a new site for the expansion outside the Owensboro city limits.

The mall currently houses 10 stores that officials at Gulf Stream Enterprises say they are happy to provide help to in the process of transition. The space’s potential future use spans everything from entertainment to civic use.

This is a developing story.