The owner of two of the Cincinnati area's major shopping malls is on the verge of bankruptcy. One of those malls, which is considered Cincinnati's best, has had a major construction project going on which I fear may have stopped. Not sure.
I believe the correct terminology for the business practices of this mall owner is "leveraged out the wazoo." And now that house of cards (and plastic cards) is collapsing. It is sickening. There are lots of jobs that people need in those malls.
I don't know where this one is heading. If something doesn't give, it will have real local impact. I hope he does not expect a government bailout. Maybe there will be a buyer somewhere.
This monstrous mess is growing arms and legs by the day.
Boomer
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