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Florence Mall Owner Heading for Bankruptcy
With the sale of the Florence Mall a few years ago to the General Growth Properties, the Florence Mall was looking as the place to be. General Growth Properties put in quite a few improvements, such as new businesses, a new and expanded food court and the carousel.
Today is a new day and it seems that General Growth Properties, which also owns the Kenwood Mall, is heading quickly for bankruptcy. With close to a reported $4 Billion in debt that they can’t pay, bankruptcy might be the only way for General Growth Properties to seek protection.
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