In 2003, the mall was renamed Lakeside Centre as part of a redevelopment plan. The remaining tenants' leases were terminated in early 2005. By February of that year, the entire complex was closed, as its owners decided that electrical costs were too high to keep the largely vacant complex open. During the last five months prior to closure and after the mall's closure, a portion of the parking lot was used to store the excess inventory at a nearby Chrysler dealership.