Saturday, June 27, 2020

Kansas City County Club Plaza Damaged Goods After #BlackLivesMatter Riots

There are a lot of moving parts in this deal but the upshot is that a court fight and behind the scenes shareholder power moves now seem to think of Kansas City's crown jewel as a liability . . . More info here for subscribers:

Taubman Centers, Simon Property head to court over merger deal - Kansas City Business Journal

Mall giants Simon Property Group and Taubman Centers are headed to court over their $3.6 billion merger deal. Simon (NYSE: SPG) struck a deal to buy Taubman's 26 U.S. luxury malls in early February, but in early June said it was terminating its agreement with Taubman (NYSE: TCO), citing the novel coronavirus pandemic and alleging that Taubman has breached the parts of the merger agreement that govern its business operations.

15 comments:

Anonymous said...

jew landlords trying to scam each other.for a change.

Oy Vey!

Retro ROCKER said...

Would not Touch This Deal with a Ten,foot Statue of Benjamin Franklin .What would Benjamin Franklin do. It's the center of protest. Every time five percent of the Public don't like a policy And in the 5 percent 2 percent are looters destroy property. The area is closed down. The visitors won't go there .ect.

Anonymous said...

100% of the looters destroy property to steal everything they can get their hands on.

This is exactly what the despicable dimwit party wants, to ruin everything because rapey joe biden is all they have. They absolutely hate the white people and the middle class all because they can’t control them because they’re not reliant on the government for anything.

The poor and uneducated people who they’ve controlled for generations will do whatever they’re told so the free gubmint money won’t go away.

I still think it’s funny that white groups came in and ruined the blm movement, they changed the narrative on them and they still don’t know it!

Anonymous said...

Byby plaza hello ghetto !

Anonymous said...

Lets see,a check cashing place,pawn shop,thrift store and a Kentucky fried chicken for about a year till it gets burnt down.

Anonymous said...

But hey I wanna join BLM cause actors,athletes and fucked up liberals tell me so.

Anonymous said...

The demise of the plaza began with bow tie the clown sLIE, he hated everything about it so he got his little thugs to go down there and ruin it. The koloreds ruin everything. They are about five hundred years behind evolution wise and we have to pay the price for their failure to learn and grow.

Anonymous said...

You forgot the packie.

Anonymous said...

Nordstroms has to be in panic mode over the decision to move to the Plawza.

Anonymous said...

4:47, I agree. I wonder if this litigation will provide Nordstrom with a lucky loophole to get out of the deal?

Anonymous said...

^^They will claim "COVID" as the reason and get the Hell out of town.
The concrete skeleton will remain as a monument to our BLM friends.

Anonymous said...

@2:33 Actually, Sly is a frequent patron of Plaza establishments.

Anonymous said...

^^^ so sLIE wants a go chicken go, Popeyes and Kentucky fried on the plaza so he can do his one stop shopping for chicken and watermelon?

Anonymous said...

Oh here is Tony again trying to mislead his ignorant readers. The legal battle refers to the pandemic, yet Tony misinforms readers with his title referring to protests, yet again. What will KC do without Old Navy?? I'm so worried about the West Elm CEO--do you think they'll accept donations? Where will I buy my $100 decorative spoons if Williams-Sonoma closes?!

Anonymous said...

Tear down that fountain.