Name: Town Center latest mall to face difficulty as pandemic continues
Brand: ajc.com
SKU: ajc-com-717
Availability: OnlineOnly

critic

Town Center latest mall to face difficulty as pandemic continues

preview

Town Center at Cobb is the latest metro Atlanta mall to face financial difficulties as retailers close and shoppers stay at home to avoid the pandemic.Deutsche Bank and Royal Bank of Scotland plan to sell $200 million in loans for Town Center. They will auction the loans on the steps of the Cobb County Courthouse on Feb. 2.New lenders could keep Town Center open, or try to liquidate the mall’s assets and close it.Even before the pandemic, the mall had been struggling to compete with online retailers like Amazon and faced an uncertain future. Many malls closed for weeks last spring.Retailers at Town Center and nationwide have been hammered. Sears closed its Town Center store last year. Two other tenants, Belk and JCPenney, have filed for bankruptcy in the past year. While the Macy’s at the mall remains open, the company is closing dozens of locations nationwide.Other metro area malls have had financial trouble, too, including the in DeKalb County and in Clayton County.Like other regional mall owners across the country, Town Center owner Simon Property, has fallen behind on loan payments in recent months, according to a Dec. 17 report by the debt rating agency Moody’s Investors Service.Deutsche Bank declined to comment and Royal Bank of Scotland did not respond to a request for comment. Simon Property and Marie Moore, general manager of Town Center, did not respond to requests for comment.About the AuthorEditors' PicksThe LatestFeatured© 2022 The Atlanta Journal-Constitution. All Rights Reserved. By using this website, you accept the terms of our , , , and understand your options regarding .

Town Center at Cobb is the latest metro Atlanta mall to face financial difficulties as retailers close and shoppers stay at home to avoid the pandemic.Deutsche Bank and Royal Bank of Scotland plan to sell $200 million in loans for Town Center. They will auction the loans on the steps of the Cobb County Courthouse on Feb. 2.New lenders could keep Town Center open, or try to liquidate the mall’s assets and close it.Even before the pandemic, the mall had been struggling to compete with online retailers like Amazon and faced an uncertain future. Many malls closed for weeks last spring.Retailers...

public

Andy Peters

Our mission is to report what’s really going on in your community. We uncover the truth, protect the public’s right to know and hold community leaders accountable for serving the public. We document our region’s moments, milestones and people. Every day, we inform and empower our readers who value credible, in-depth journalism. By providing this important public service, we ultimately help to build a better metro Atlanta and Georgia for the next generation.

ajc.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Town Center latest mall to face difficulty as pandemic continues

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS