Examiner offered the 1st deets of this latest, local retail disaster and now the newspaper picks up the bargain report. Take a look at another victim of Internets commerce . . .
Metro area mall headed for a foreclosure sale as owner faces default on $200M loan
Independence Center is scheduled for a Feb. 16 foreclosure sale as its owner, Simon Property Group, faces default on its $200 million loan for the property, according to information in a report by Trepp, a firm that researches commercial mortgage-backed securities. The 1 million-square-foot enclosed mall at 18801 E.
I'm going to buy it and use it for major paint ball wars
ReplyDelete^^^^^^
ReplyDeleteThat would be fun.
OMG! What will the coloreds do if it closes!
ReplyDeleteMalls are so cool, sad they cannot make it anymore.
ReplyDeleteIt's already a shooting gallery 5:33. You're to late.
ReplyDeleteBuilding all that subsidized retail just south of it by the city of Independence sure didn't help.
ReplyDeleteNow the mall can be left to slowly empty and die and a brand new "developer" can swoop in, tear it down, and develop it with...
tax breaks, tax exemptions, TIFs, CIDs, and whatever else the Missouri legislature can invent to screw the taxpayers and create yet another "public/private partnership" where the public gets all the risk and the "investors" take all the profits.
Charlie Brown and the football on a loop.
+++100
ReplyDeleteA mall purchase seems like a great idea in 2018.
ReplyDeleteAlso, I didn't use a rubber because I thought, "when am I ever gonna be in Haiti again?"
That mall made so much money they can afford to dump it on the tax payers.
ReplyDelete