Well, all I had to do was check the Lloyd Center website...
Seems that it will remain a parking lot, just a better parking lot. Hmm.... a missed opportunity there, I think.
Here's what they say is happening:
The parking lot renovation happening in the Regal Cinema parking lot includes pedestrian connection, new landscaping, rain gardens and new and improved lighting.
At least there's new landscaping and rain gardens going in. That's a good thing.