The buyer, Cincinnati United Contractors, out of Cincinnati, "is not going to create a church on the property," Smith said.
Another local media outlet reported today that the mall would likely be turned into a church, and also incorrectly reported that United Church Builders LLC, a subsidiary of CUC, had bought the mall, Smith said.
Smith said CUC signed a contract to buy the 32-year-old mall Wednesday and CUC's Vice President Ken Geis intends to pursue a mixed retail use for the mall.
The mall's current owner, Wichard Real Estate of North Carolina, planned to close the mall.
Smith confirmed that one-third of his village's general fund is from tax revenues from the mall.
Smith also said that his request of Cuyahoga County Sheriff Gerald McFaul to have sheriff's deputies patrol the 11 p.m. to 7 a.m. night shift in the village was not due to increased crime there, as reported elsewhere.
"It was a purely economic request," Smith said.
The mall has fallen on hard times the past several years, with few of the remaining stores being occupied right now.
Geis did not return a call for comment. Smith is holding a press conference at 4 p.m. today to announce the deal.