Aroostook Centre Mall (Presque Isle, ME) auctioned for $4 million

Started by retailisking, November 01, 2017, 03:10:49 AM

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retailisking

November 01, 2017, 03:10:49 AM Last Edit: November 01, 2017, 03:21:47 AM by retailisking
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/

JJBers

#1
November 01, 2017, 07:34:08 AM
Yeah this mall is on the death spiral. RIP
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In the backcountry of Connecticut (aka Willimantic)

danfifepsu

#2
November 01, 2017, 07:38:30 AM
Quote from: JJBers on November 01, 2017, 07:34:08 AM
Yeah this mall is on the death spiral. RIP


whatll happen to it and why did it die?

JJBers

#3
November 01, 2017, 07:42:54 AM
Quote from: danfifepsu on November 01, 2017, 07:38:30 AM
Quote from: JJBers on November 01, 2017, 07:34:08 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:
QuoteShortly 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.
My Flickr

In the backcountry of Connecticut (aka Willimantic)

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