Monday, November 02, 2020

OAK PARK MALL OWNER BANKRUPT!!!

A few shooting scares over the years and the Internets have put the mall in a precarious position. Now the pandemic looks to finish the job.

Here's the bad news for the mall today that we notice local news overlooking in favor of political garbage:

MarketWatch: CBL Properties declares bankruptcy as shopping center manager looks to restructure debt

Deets . . .

"CBL & Associates Properties Inc. CBL, -40.79% said Monday that it has filed for bankruptcy protection, as it looks to implement a plan to recapitalize and restructure parts of its debt. The stock dropped 22% premarket prior to a trading halt for news. The Tennessee-based manager of shopping center properties said its customers, tenants and partners can expects "business as usual" at all of its properties during the bankruptcy."

Sadly, biz as usual means not much biz at all.

Developing . . .

14 comments:

Anonymous said...

Amazon is easier.

Sorry.

Anonymous said...

"The stock has plunged 85.6% year to date through Friday" they're not going to make it through the year with those numbers.

I'm Mad As Hell said...

See what the democrats are doing? They are ruining this country.

Anonymous said...

So weird no police riots were needed.

Anonymous said...

Aren't unnecessary shutdowns great?

Anonymous said...

They're White. They’ll manage.

Anonymous said...

A good number of the employees aren't and won't. Oh well. That's on Democrats.

Anonymous said...

The Section 8 crowd and all the hood rats from KCK and Missouri where the malls have closed down decided to make it their own indoor fun center about a decade ago. That put the nail in the coffin.

Anonymous said...

That's what they get for electing that devil trump.

Anonymous said...

very sad day for the mall. Did they get their Cares Act check?

Anonymous said...

You people act as though this was only Oak Park Mall that was affected.
CBL is the largest Mall owner in the Country, and mall closures on their part can occur in more than twenty States.

If you wan to blame anyone, blame the Retailers for not trying to sell what people want to buy.

Anonymous said...

What are the MILF's going to do??? They shop there!

Anonymous said...

Think of all the section 8 housing they can put on that property.

Anonymous said...

When Obama ushered in the BLM bs of Ferguson, you could notice the end of Oak park. Overnight loitering of one group of youths, large group fights like Independence Mall just had and then the random shootings. Oak park became unsafe to be there at night or on a weekend. You could see the writing on the wall via Obama's backing of Ferguson type events. I actually gave it until 2018, and then readjusted this summer to after Christmas 2020. No one wants to go where they feel unsafe nor to be surrounded by people that have no idea how to behave in public. GO back to your ghettos and hold you dick , say Mother fucker every other word there. Run like 4 year olds down the mall swinging at each other. Personally have seen two huge fights in the food court and neither were during the night time. Fucking acting like animals. But, let's not stereotype. Blame rich white kids, cops, administration, Our president, your lack of work, education or just the behavior of some ends a lot for others. I'll blame spelling bee champion kids from Indian, give blacks a free blinders on pass once again. Now let's roll those security cams and their footage. Damn it 's the same people every time. What happened to Indian springs mall ? Bannister Mall? Metcalf ? What happened to Westport ? Now the Plaza . It all went dark.