The Laguna Hills Mall was very successful in the 1990’s, especially after a remodel in the mid part of that decade. The fact is, there was little competition in the region and the Mission Viejo Mall was struggling. As competition grew (the new Shops at Mission Viejo, Irvine Spectrum, Aliso Viejo Towne Center, the Arbors in Lake Forest) sales began slumping in the 2000’s. In the last fiscal year before the Great Recession (06/07), after adjusting for inflation, the Laguna Hills Mall generated $1.93M in sales tax revenue to the City. When MGP purchased the property in May of 2013, that figure had already dropped to about $1.45M. With the closure of many stores and the demolition of the south mall area, that figure dropped to $780,000 in fiscal year 2017-18.
March 2021 Update: The City has compiled additional sales tax history for the former mall as follows: