Posted Apr 17, 2009, 11:57 AM
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Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 20,294
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Mall owner seeks help of Chapter 11
http://www.deseretnews.com/article/7...hapter-11.html
LOS ANGELES — The nation's second-largest shopping mall owner, General Growth Properties, filed for Chapter 11 bankruptcy protection Thursday in a tough bargaining move to restructure its $27 billion in debt.
General Growth, which owns more than 200 malls including Faneuil Hall in Boston and the South Street Seaport in Manhattan, said shoppers at its malls will not be affected by its bankruptcy filing.
In Utah, General Growth owns Cache Valley Mall in Logan, the Cottonwood Mall in Holladay, Newgate Mall in Ogden, the Provo Towne Centre, Red Cliffs Mall in St. George and Fashion Place mall in Murray...
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