Macy's is closing, the jail probably will and Panda filed ch 11. How bad will these effect our local economy? I have a friend that works at the jail. Her and her husband were going to move from harker heights to Three Creeks in belton and that's on hold. If Panda can restructure they'll be ok, but if they can't, that a huge loss in property taxes for temple and TISD. Dillard's will move into the Macy's store, so the Dillard's location will need to be filled. I feel like our local economy is stagnant as it is.