Saturday, February 28, 2009

The Mall Is Flat

Stories like this everywhere.
Lawsuits and debt continue to pile up against General Growth Properties Inc., the developer of the unfinished mall whose promise and money gave Elk Grove a push from bedroom community to incorporation in 2000. As recently as two years ago, General Growth appeared ready to deliver on its promise. Confident City Council members debated whether stores such as Target and JCPenney would be good enough for the upscale mall they envisioned.