According to the Ulster County Press, the owner of the former Ames Plaza Mall is in negotiations with Wal-Mart to sell the plaza. The mall owner, Joseph Tso, said that he expects the formal contract to be signed with Wal-Mart in a week or so. This would be a big economic boost to the Ellenville area and would provide a solution for those that are currently relegated to travel 45 minutes to the closest department store retailer. Wal-Mart would certainly bring employment opportunities to local residents and a better economic outlook. An improved local economy usually leads to home value appreciation and increased demand for real estate, so this appears to be a very positive development on the surface.