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Author Topic: Aroostook Centre Mall (Presque Isle, ME) auctioned for $4 million  (Read 73 times)
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retailisking
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« on: November 01, 2017, 02:10:49 AM »

The bank (Wells Fargo) was the only bidder; the mall sold for a fraction of its assessed value

http://thecounty.me/2017/10/31/news/with-no-other-bidders-bank-takes-over-aroostook-centre-mall/
« Last Edit: November 01, 2017, 02:21:47 AM by retailisking » Logged
JJBers
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« Reply #1 on: November 01, 2017, 06:34:08 AM »

Yeah this mall is on the death spiral. RIP
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Eastern CT Retail

In the backcountry of Connecticut (aka Willimantic)

danfifepsu
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« Reply #2 on: November 01, 2017, 06:38:30 AM »

Yeah this mall is on the death spiral. RIP


whatll happen to it and why did it die?
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« Reply #3 on: November 01, 2017, 06:42:54 AM »

Yeah this mall is on the death spiral. RIP


whatll happen to it and why did it die?
According to the Wikipedia article that I just recently updated:
Quote
Shortly after its opening, the U.S. government announced the closing of nearby Loring Air Force Base, the region's largest employer.
Basically the jobs disappeared, and the mall fell off shortly afterwards.
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Eastern CT Retail

In the backcountry of Connecticut (aka Willimantic)

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