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-   Vancouver Off-Topic / Current Events (https://www.revscene.net/forums/vancouver-off-topic-current-events_50/)
-   -   Bellis Fair parent company filed for bankruptcy (https://www.revscene.net/forums/572525-bellis-fair-parent-company-filed-bankruptcy.html)

Durrann1984 04-17-2009 09:15 AM
Bellis Fair parent company filed for bankruptcy
 
Quote:
The owners of Bellis Fair Mall in Bellingham have filed for bankruptcy protection. The parent company, General Growth Properties, is the second biggest mall operator in the United States with over 200 shopping centres.

The move by the Chicago based company had been widely anticipated since the fall, when the company warned it might have to seek protection if it didn't get lenders to rework debt terms. But don't get ready for any "going out of business" sales anytime soon. It's believed Bellis Fair is one of the most profitable properties and will likely stay open even if it means finding new ownership.
http://www.news1130.com/news/local/m...17_010200_1616

billboa 04-17-2009 09:22 AM
bellis fair is the second biggest mall in america? wow

CRS 04-17-2009 09:28 AM
Quote:
Originally Posted by billboa (Post 6384079)
bellis fair is the second biggest mall in america? wow
Ughhh.. no....

The operator is the second biggest mall operator in America..

Qmx323 04-17-2009 10:22 AM
FUCK i hope they dont close old country buffet T_T

cdizzle_996 04-17-2009 10:24 AM
Quote:
Originally Posted by billboa (Post 6384079)
bellis fair is the second biggest mall in america? wow
Reading fails you.

hotjoint 04-17-2009 10:35 AM
Quote:
Originally Posted by cdizzle_996 (Post 6384160)
Reading fails you.
:lol :thumbsup:

Quote:
Originally Posted by Qmx323 (Post 6384155)
FUCK i hope they dont close old country buffet T_T
:werd: i love eating there :D

tamago 04-17-2009 10:46 AM
Quote:
Originally Posted by Qmx323 (Post 6384155)
FUCK i hope they dont close old country buffet T_T
Never been there, but are you kidding? Anything with the word "buffet" scares me.

"All you can eat" however, is a completely different story.

Ludepower 04-17-2009 10:55 AM
Quote:
Originally Posted by tamago (Post 6384187)
Never been there, but are you kidding? Anything with the word "buffet" scares me.

"All you can eat" however, is a completely different story.
In Vancouver..the word buffet is scary...but I've been to some resturants in Toronto...and they were clean and had very decent food.

Graeme S 04-17-2009 10:56 AM
So wait...if it's that profitable, why is it going bankrupt? Does profitability not equal better credit terms?

misteranswer 04-17-2009 11:01 AM
Quote:
Originally Posted by Graeme S (Post 6384203)
So wait...if it's that profitable, why is it going bankrupt? Does profitability not equal better credit terms?
The entire company as a whole is not profitable, at least not enough to cover interest payments as well.

Durrann1984 04-17-2009 12:21 PM
Quote:
Originally Posted by billboa (Post 6384079)
bellis fair is the second biggest mall in america? wow
its ok buddy
we all make mistakes

NimbeeTT 04-17-2009 12:27 PM
whhat! nooooo!
I actually like that mall cause it's the CLOSEST big american mall from here with victoria's secret ='(

As for Old Country Buffet.. i personally dont really like the foood there, my parents love it there though :(

unit 04-17-2009 12:38 PM
OCB as a buffet is decent, but if you paid regular price and got OCB quality food..... well, you get the point.

Chairman Kaga 04-17-2009 01:13 PM
Quote:
But don't get ready for any "going out of business" sales anytime soon. It's believed Bellis Fair is one of the most profitable properties and will likely stay open even if it means finding new ownership.
Good.

azzurro32 04-17-2009 01:17 PM
cheap person tip for OCB.

get there just before breakfast ends and pay the breakfast rate. Soon they turn over the food to lunch and you can pick from that too lol

Gumby 04-17-2009 02:03 PM
^
:lol Cheap person indeed!

InvisibleSoul 04-17-2009 02:37 PM
Quote:
Originally Posted by Durrann1984 (Post 6384332)
its ok buddy
we all make mistakes
Yes... him and you both.

Bellis Fair did not file for bankruptcy. The parent company did. Significant difference...

JV6 04-17-2009 03:42 PM
great place to stop by to chill for a sec before heading south to Seattle

wahyinghung 04-17-2009 04:12 PM
Quote:
Originally Posted by hotjoint (Post 6384176)
:lol :thumbsup:



:werd: i love eating there :D
X3 might have to make a trip down there on the next long weekend just in case :D

krazynuck 04-17-2009 09:33 PM
i like the buffet at the casino by the outlets the best its like $11.xx USD i think.... pretty good value...old country is nice though....

jigga250 04-17-2009 10:05 PM
surprised theyre going bankrupt, place is always packed with latinos

JesseBlue 04-17-2009 11:42 PM
old country used to be great when they have the steak and ribs...but now they just have ham...sad

!LittleDragon 04-18-2009 02:00 AM
lol... GGP, woke up a few days ago to find out my shares dropped 50% and it's been delisted. Oh well, I didn't own that much anyways. It was a penny stock, I don't invest much in those, just something to play with.

Durrann1984 04-18-2009 08:35 AM
Quote:
Originally Posted by InvisibleSoul (Post 6384490)
Yes... him and you both.

Bellis Fair did not file for bankruptcy. The parent company did. Significant difference...
thats what i said in the title

bellis fair parent company

Graeme S 04-18-2009 09:32 AM
Quote:
Originally Posted by Durrann1984 (Post 6385622)
thats what i said in the title

bellis fair parent company
No, that's what I edited the title to. You said "bellis fair declares bankruptcy".


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