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: Bellis Fair parent company filed for bankruptcy

Durrann1984
04-17-2009, 09:15 AM
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/more.jsp?content=20090417_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
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
bellis fair is the second biggest mall in america? wow

Reading fails you.
hotjoint
04-17-2009, 10:35 AM
Reading fails you.

:lol :thumbsup:

FUCK i hope they dont close old country buffet T_T

:werd: i love eating there :D
tamago
04-17-2009, 10:46 AM
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
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
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
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
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
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
: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
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
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".
Durrann1984
04-18-2009, 10:46 AM
whoops lol
InvisibleSoul
04-22-2009, 08:23 PM
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".

whoops lol

LoL. :teeth:
Durrann1984
04-22-2009, 08:53 PM
^LOL hilarious
Meowjin
04-22-2009, 09:46 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 :(

pics of you plox
misteranswer
04-23-2009, 01:56 AM
I don't think the mall itself can declare bankruptcy anyways, so pointing it out is a moot point.

It'd be like saying oh Neuberger Berman didn't declare bankruptcy, only Lehman Brothers did.
orange7
04-23-2009, 02:09 AM
bellis fair is the second biggest mall in america? wow

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...

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".

whoops lol

this is EPIC!
woob
04-23-2009, 12:35 PM
as long as BC surf and skate is still open I'm happy.