Price offered to pay for the interchange, which would've advanced the 1990 completion date to 1985 or 1986. Meanwhile, Boise developer Larry Leasure proposed a shopping mall, named Westpark, at the intersection of Cole and Franklin Roads, but the mall was on hold due to zoning and access problems. Price said he might consider dropping the Cloverdale project if Leasure would agree to sell the Westpark site to him when the issues were resolved. By December 1986, construction began on Boise Towne Square northwest of the intersection of Cole and Franklin Roads, the original site where Harry Daum attempted to build a shopping mall 13 years earlier. Within the next year, it was announced that Sears, JCPenney, Mervyns and The Bon Marché would be the new mall's anchor stores. Sears, JCPenney and The Bon Marché were operating locations in downtown Boise, and the latter two stores were also anchors at the Karcher Mall in nearby Nampa, the only mall in the area at the time. After Boise Towne Square opened, Karcher Mall would lose business to Boise Towne Square. In September 1988, Sears and JCPenney both began to liquidate their downtown locations in preparation to open in the new mall. At the time JCPenney also liquidated their Karcher Mall location in Nampa and sold the location to Troutman's Emporium. The Bon Marché, however, planned to keep its downtown location for at least a year but eventually stayed until the chain's demise in 2005 when the company's name was converted to Macy's. Macy's operated the downtown location for five more years before closing in 2010 after declining sales. After much anticipation, the mall's first anchors, The Bon Marché and Sears, opened their doors on October 9, 1988 at 10 a.m. Kim Clark, advertising and special events coordinator for The Bon Marché, estimated that 10,000 people from the area would visit the store's grand opening. The mall's third anchor, JCPenney, opened its doors on October 12, the same day JCPenney closed its downtown Boise location, which it had operated since 1932. The mall's formal grand opening occurred on October 19. The mall's grand opening included a ribbon cutting ceremony with then mayor of Boise, Dirk Kempthorne. The mall's fourth anchor, Hayward, California-based Mervyn's, opened in February 1989. In September 1989, ZCMI made plans to open two ZCMI II stores in Boise, including a location at Boise Towne Square, but neither were built.