Posted May 13, 2010, 5:44 AM
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Meh
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Join Date: Jul 2001
Location: Austin,TX<-->Dripping Springs,TX<-->Birmingham, AL<-->Warm Springs,GA
Posts: 57,205
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http://www.statesman.com/news/local/..._comments_list
Quote:
Owner of Highland Mall files for bankruptcy
Long-struggling shopping center plans to remain open, owner's attorney says.
By Barry Harrell and Shonda Novak
AMERICAN-STATEMAN STAFF
Published: 10:36 p.m. Wednesday, May 12, 2010
Austin's struggling Highland Mall, derided as a retail "ghost town" by one of its anchor tenants last year, now faces a new challenge: bankruptcy.
The court filing gave few details but did say the mall's owner had assets of between $10 million and $50 million and liabilities of between $500,000 and $1 million. The Travis Central Appraisal District values the mall and its 20 acres at $43.6 million, the same as in 2009 but down from $64 million in 2008.
Highland Mall is Austin's oldest regional mall, having opened in 1971.
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