Wednesday, January 31, 2018

METH TOWN MALL MONEY TROUBLE!!! RETAIL REPORT: INDEPENDENCE CENTER DELINQUENT ON LOANS!!!

Reactionaries will rage against youngsters but the fact is that Amazon is just as guilty of sending this place on the same path as Bannister Mall. Read more:

Future of Independence Center unclear as mall lands on list indicating financial trouble

The future of the Independence Center shopping mall is uncertain as it now tops a list of "largest delinquencies" on loans in the commercial real estate industry. KMBC told you last summer when the mall's owner, Simon Property Group, ran into financial trouble repaying a $200 million loan on the property.

19 comments:

Tracy Thomas said...

Well hang on--maybe Lane4 will ride in to the rescue! According to them, bidness is boomin' for retail.

It appears to me, Independence as a city is in huge trouble. Two shootings in what, two days, at the Dollar General, also??

They make KCMO look good by comparison. Look out--maybe Aboud the Pussy Hat Purloiner will venture beyond Troost to your greener pastures.

Anonymous said...

^^^^^^^

Two shootings in Independence makes Kansas City look good???? I highly doubt it.

Business is booming for retail, it's the mall managers and or the owners who are irresponsible for debts among other things like the boycott of Macy's and what the above post has said, black thugs that endanger our well being.

Anonymous said...

8:05 FTW!

Anonymous said...

Trump’s America! So much winning.

Anonymous said...

STFU

Anonymous said...

Wrong, it’s the pants-shitting geezers who have killed this Mail. They do nothing but walk around it reeking of shit. They have chased all the decent humans away. The mall cannot survive on geezers, as they never spend a dime.

Anonymous said...

My last trip to that mall was the shooting a couple years back. Last trip to banister was being surrounded in my car by a bunch of feral urban youth scholars. No interest in being near that propensity for violence.

KC G said...

Finally, I agree about the geezers. F those mall walkers, they don't help things. They must GO!

Anonymous said...

The old geezer stuff is getting old. They have a right to go to the mall same as anyone else. Malls use to open doors earlier to let walkers come in so you young non working losers just need to shut up.

Super Dave said...

The people trashing old people are probably the ones with a hand held out to Mom and Dad for some cash all the time.

Anonymous said...

Hipsters suck, they're not part of the working class.

Anonymous said...

Geezers with guns can clean that shithole out. Tracy hasn't been to a mall other then Oak Park in 13 years.

Anonymous said...

Independence is plagued by migrating KC thugs and boons as the city blows the tax payers money on empty retail real estate issues that their drunken ex city manager sold as a cure all. Their police department is a mess, their bureaucrats are a pack of heavy handed ass holes, old farts ride around like a fucking posse in thier horse shit neighborhood association vigilante hunts while the crack heads and dip shits shoplift, steal cars, deal drugs and are becoming more brazen and violent by the day. The city has been sucked into every kind of pie in the sky dreamer scam on earth from new hospitals to retail sites with ponds and parks. In the end you still have a middle class wage earner town with a few elitists that seem to think they are going to turn the charred real estate into some kind of Beverly Hills on blue collar tax payer dollars.They have blown through money they don't have on pet project after pet project while allowing traditional core areas to rot on the vine. Now they propose an internet sales tax as a new way to try and get blood out of a turnip. If ever an area need some expert managers and leaders it would be Independence, but as long as you have the boss hog, big fish-little pond, politics being ran by a bunch of numb nuts the chances of Independence ever getting on the right track is little to none.

Anonymous said...

Close the mall. The racist trailer trash don't deserve anything nice. Let them play their Japanese video games. Good luck!

Anonymous said...

Bass Pro wants the mall to stay open, keeps the riff raff away. We all know what I mean.

Retro ROCKER said...

They Built several outdoor shopping malls in Lee's Summit and they seem to be doing well. The indoor malls are going the way of the Blue Ridge mall and Banister mall. And shopping online. And people are afraid look at the crime around Malls.Car,break-in mugging. Gangs M.S.420.

Anonymous said...

Tracy is drunk again 11:38

Anonymous said...

Retail & commercial debt is basically junk. Malls are the tip of the iceberg.

Billions are due over the next few years and unpaid loans will roll into default.

It's called a commercial real estate crash and it's coming soon. But don't worry, those bank regulations have been loosened and they will hide their insolvencies and pocket profits and bonuses until they are completely broke and need another government bailout.

Good thing we have a real estate expert in the White House that is also a stable genius. He alone can fix it. I'm sure we're in good hands.

Anonymous said...

10:13pm pretty well summarizes the mess.
Once the highest priority of local government became "economic growth and jobs" instead of providing basic services, the doors to the tax money vault opened for pretty much any "developer" with a big big story and a pulse.
And downtown KCMO is Exhibit A.
Maybe Independence Mall should take a tip from the Cordish gang with their $15 million/year taxpayer subsidy for the P&L District.
Just head for the Independence city hall.