Today marked the biggest real estate bankruptcy filing ever in the United States when General Growth Properties filed Chapter 11. The mall developer is best known, perhaps, for owning Quincy Market (note: some news organizations say the developer owns Faneuil Hall in Boston. Not true. They own the tourist trap next to it.) and South Street Seaport in New York.
There is a local angle here, too. The developer owns Eden Prairie Center. It also owns the Ridgedale Mall as well as the River Hills Mall in Mankato, the Apache Mall in Rochester, and Knollwood Mall in St. Louis Park.
Here’s a copy of the bankruptcy filing.
About the blogger
Bob Collins has been with Minnesota Public Radio since 1992, emigrating to Minnesota from Massachusetts. He was senior editor of news in the ’90s, ran MPR’s political unit, created the MPR News regional website, invented the popular Select A Candidate, started several blogs, and every day laments that his Minnesota Fantasy Legislature project never caught on.
NewsCut is a blog featuring observations about the news. It provides a forum for an online discussion and debate about events that might not typically make the front page. NewsCut posts are not news stories.