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Seattlest Pix 09Nov23
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Devastating news for most adolescents as their favorite malls--and parent-free hang-outs--are facing bankruptcy. General Growth Properties Inc., the nation's second-largest mall operator, filed for Chapter 11 bankruptcy protection, which owns local mall properties: Alderwood Mall in Lynnwood, Bellis Fair Mall in Bellingham, and Westlake Center in Seattle. With their stock prices cheaper than an on-sale pack of gum, financial reorganization will be key, for what's been claimed as the largest real estate failure. We just hope it can turn around, so it doesn't force a void (and access to the Monorail) in downtown.
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In Woodinville there's a hole-in-the-wall charcuterie named Bill The Butcher which has the most outl
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The AP has reported that all malls will continue operation and that the bankruptcy will be invisible to the consumer.
Their consumers are invisible already!
*rim shot*
Actually, that's the AP quoting GGP management, who are not likely to say otherwise unless events force their hand.
Riiiight, when the WSJ is calling it the largest real-estate failure in U.S. history, you have to wonder about what's to come-or not. Plus, anything that comes from GGP will be IR friendly messaging, making sure they will keep stock holders and retailers worry-free. Ah, the beauty of words, approved by legal.
All we need is Kevin Smith to make Mallrats 2.
Won't somebody think of the teenagers? THE TEENAGERS?!?!