Thursday, September 17, 2020

Canadian megamall developer's U.S. project on shaky ground due to pandemic

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The owners of the West Edmonton Mall mortgaged that property along with a second megamall, in order to finance a third, the new American Dream outside of Manhattan. The timing couldn't have been worse, with COVID arriving days before a planned grand opening. Now behind on mortgage payments, can the wealthy Edmonton family maintain control of their empire?



source https://www.cbc.ca/news/business/canadian-owned-us-megamall-in-covid-trouble-1.5724472?cmp=rss

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