Canadian megamall developer’s U.S. project on shaky ground due to pandemic

Canadian megamall developer's U.S. project on shaky ground due to pandemic

The owners of the West Edmonton Mall mortgaged that property along with a second megamall, in order to finance a third, the new American Dream outside of Manhattan. The timing couldn’t have been worse, with COVID arriving days before a planned grand opening. Now behind on mortgage payments, can the wealthy Edmonton family maintain control of their empire?

Want to know more on

click here go to market news source.
Market news summary from CBC Market News.
Author:

Follow us get Market News Update
Close