Saturday, March 28, 2009

KUTV News: Financial Trouble For Mall Owner, Contractor Stops Work

Four General Growth Properties shopping centers across the country have gone into foreclosure within the past month

You won't find this news in the Standard-Examiner. It's not even available in the Trib.

The owner of Newgate Mall is reportedly in deep financial trouble:
Financial Trouble For Mall Owner, Contractor Stops Work
If true, it's obviously significant for Ogden.

While emperor Godfrey obsesses upon his latest knuckle-headed pipe dream, Ogden's existing business infrastructure continues to crumble.

A Weber County Forum Tip O' the Hat to gentle reader Mono for the tip.

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