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Thursday, April 16, 2009

Next domino falls

The mall.

Comments (5)

"General Growth, which owns more than 200 malls, including Pioneer Place in downtown Portland and Clackamas Town Center, said shoppers at its malls will not be affected by its bankruptcy filing"

Lets hope not given that 55M was just spent to bring more crooks....er.... I mean shoppers, to Clackamas Town Center via the new green line.

I doubt this would have happened if we had finished the green line sooner.

If we just take on enough municipal debt, we can outrun this recession.

Theres an ironic twist to this.
Tom Friedman's (the earth is flat, expert on everything) wife is one of the owners of GGP.
The collapse is the largest real estate bankruptcy in U.S. history.
Although Friedman probably had no influence at all,it's just another example of the crazyness out there.
We need voices like bojack blogmeister to throw some reality out there.

Not notice a difference? I work next to Pioneer Square and there are a lot of empty stores...as well as empty food court businesses. My husband and I went to the Walking Store yesterday and on the third floor there are 3 stores.

Watching the Dominoes, From Jenna Orkin, April 14, 2009

Falling too fast to see, we can only FEEL the SW///////////SH of the pattern going by.

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