The company that owns the Oxmoor Center and Mall St. Matthews in Louisville is seeking Chapter 11 bankruptcy.General Growth Properties is the country's second largest shopping mall owner. Last fall, company officials warned that bankruptcy could be in GGP's future, and last month the company ended talks with some of its bondholders. The company was seeking a reprieve on payments.The Chapter 11 filing will allow the company to restructure its debt. Calls to GGP were not immediately returned, but a statement on the company's website says employees will not be laid off and business at the company's more than 200 malls will not change.
ยฉ 2024 Louisville Public Media
Public Files:
89.3 WFPL ยท 90.5 WUOL-FM ยท 91.9 WFPK
For assistance accessing our public files, please contact info@lpm.org or call 502-814-6500
Public Files:
89.3 WFPL ยท 90.5 WUOL-FM ยท 91.9 WFPK
For assistance accessing our public files, please contact info@lpm.org or call 502-814-6500
89.3 WFPL News | 90.5 WUOL Classical
91.9 WFPK Music | KyCIR Investigations
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
