The Reading Station Outlets were opened in 1992, to try solidify Reading’s status as “Outlet Capitol of the World”. Unfortunately due to the decline of the city most shoppers preferred to go to the Vanity Fair Outlet stores that were located further outside of the city in Wyomissing/West Reading. By 1995 the owners of the property defaulted on their mortgage and lost control of the complex. By 1998 there were only seven stores open in the complex that held 44 available retail spaces. By 2000 that number was only three, and the complex was finally sold to a Washington DC company. Currently there are only two stores left, a PriceRite grocery store and a Family Dollar, the rest of the complex stands locked and vacant.