{"id":38574,"date":"2021-06-15T07:05:40","date_gmt":"2021-06-15T11:05:40","guid":{"rendered":"https:\/\/www.wrfalp.com\/?p=38574"},"modified":"2021-06-15T07:05:40","modified_gmt":"2021-06-15T11:05:40","slug":"owner-of-chautauqua-mall-files-for-chapter-11-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/www.wrfalp.com\/owner-of-chautauqua-mall-files-for-chapter-11-bankruptcy-protection\/","title":{"rendered":"Owner of Chautauqua Mall Files for Chapter 11 Bankruptcy Protection"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"38575\" data-permalink=\"https:\/\/www.wrfalp.com\/owner-of-chautauqua-mall-files-for-chapter-11-bankruptcy-protection\/mall\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/06\/mall.jpg?fit=328%2C235&amp;ssl=1\" data-orig-size=\"328,235\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"mall\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/06\/mall.jpg?fit=300%2C215&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/06\/mall.jpg?fit=328%2C235&amp;ssl=1\" class=\"alignright  wp-image-38575\" src=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/06\/mall.jpg?resize=342%2C245&#038;ssl=1\" alt=\"\" width=\"342\" height=\"245\" srcset=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/06\/mall.jpg?w=328&amp;ssl=1 328w, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/06\/mall.jpg?resize=300%2C215&amp;ssl=1 300w\" sizes=\"(max-width: 342px) 100vw, 342px\" data-recalc-dims=\"1\" \/>The owner of <strong>Chautauqua Mall<\/strong>, <strong>Washington Prime Group<\/strong>, has filed for Chapter 11 bankruptcy protection. The company made the filing on Sunday after the COVID-19 pandemic forced it to temporarily close some of its roughly 100 shopping centers across the United States and businesses were unable to pay its rent.<\/p>\n<p>CNBC reports the filing made in United States Bankruptcy Court for the Southern District of Texas states the company\u2019s estimated assets ranged from $1 billion dollars to $10 billion dollars as did its estimated liabilities.<\/p>\n<p>Reuters was the first to report that the Columbus, Ohio-based company, formed in 2014 following a spin-off from mall giant Simon Property Group Inc, was preparing to seek bankruptcy protection.<br \/>\nThe company was in talks for roughly $100 million of so-called debtor-in-possession financing to aid operations during bankruptcy proceedings.<\/p>\n<p>Fallout from the pandemic last year forced Washington Prime to close some properties for a time and relax collection of rent from its tenants, squeezing the mall owner\u2019s finances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The owner of Chautauqua Mall, Washington Prime Group, has filed for Chapter 11 bankruptcy protection. The company made the filing on Sunday after the COVID-19 pandemic forced it to temporarily close some of its roughly 100 shopping centers across the United States and businesses were unable to pay its rent. CNBC reports the filing made [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":38575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[468,10461],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/06\/mall.jpg?fit=328%2C235&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3YlJ4-a2a","jetpack-related-posts":[{"id":45619,"url":"https:\/\/www.wrfalp.com\/chautauqua-mall-owners-target-corporation-want-property-assessments-lowered\/","url_meta":{"origin":38574,"position":0},"title":"Chautauqua Mall Owners, Target Corporation Want Property Assessments Lowered","author":"WRFA Radio","date":"July 14, 2022","format":false,"excerpt":"The owners of Chautauqua Mall are suing again in Chautauqua County Supreme Court to have the assessment lowered on its property. The current total assessed value of 381 Fairmount Avenue is $9.26 million. Washington Prime Group attorneys argue that the assessed value should only be $827,500 with a full market\u2026","rel":"","context":"In &quot;Local News&quot;","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?fit=818%2C784&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?fit=818%2C784&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?fit=818%2C784&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?fit=818%2C784&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":24983,"url":"https:\/\/www.wrfalp.com\/future-of-bon-ton-department-store-at-chautauqua-mall-in-doubt\/","url_meta":{"origin":38574,"position":1},"title":"Future of Bon-Ton Department Store at Chautauqua Mall in Doubt","author":"WRFA Radio","date":"April 18, 2018","format":false,"excerpt":"LAKEWOOD - One of the three anchor retail stores in the Chautauqua Mall could soon be going out of business. The Bon-Ton department store chain, which has more than 260 stores in 24 states including at the Mall in Lakewood, has been in bankruptcy with only two bidders - both\u2026","rel":"","context":"In &quot;Local News&quot;","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/04\/Bon-Ton.jpg?fit=736%2C403&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/04\/Bon-Ton.jpg?fit=736%2C403&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/04\/Bon-Ton.jpg?fit=736%2C403&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/04\/Bon-Ton.jpg?fit=736%2C403&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":26840,"url":"https:\/\/www.wrfalp.com\/lakewood-sears-among-142-locations-to-be-closed-due-to-bankruptcy\/","url_meta":{"origin":38574,"position":2},"title":"Lakewood Sears Among 142 Locations to be Closed due to Bankruptcy","author":"WRFA Radio","date":"October 16, 2018","format":false,"excerpt":"LAKEWOOD - The Chautauqua Mall in Lakewood will be losing another anchor store. Sears announced Monday morning it was closing dozens of stores as part of its bankruptcy process and the location at the local mall was one of the 142 stores on the list. According to the company, a\u2026","rel":"","context":"In &quot;Local News&quot;","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/06\/sears-kmart.png?fit=940%2C528&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/06\/sears-kmart.png?fit=940%2C528&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/06\/sears-kmart.png?fit=940%2C528&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/06\/sears-kmart.png?fit=940%2C528&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":24991,"url":"https:\/\/www.wrfalp.com\/bon-ton-to-close-by-august-1\/","url_meta":{"origin":38574,"position":3},"title":"Bon-Ton to Close by August 1","author":"WRFA Radio","date":"April 19, 2018","format":false,"excerpt":"YORK, PA - A bankruptcy court has approved the sale of all Bon-Ton stores and its affiliated department stores to a liquidator. All remaining stores will shut down by Aug. 31, with going out of business sales to begin immediately. Company officials say they are committed to working constructively with\u2026","rel":"","context":"In &quot;Local News&quot;","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/04\/Bon-Ton.jpg?fit=736%2C403&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/04\/Bon-Ton.jpg?fit=736%2C403&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/04\/Bon-Ton.jpg?fit=736%2C403&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/04\/Bon-Ton.jpg?fit=736%2C403&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":24321,"url":"https:\/\/www.wrfalp.com\/tops-markets-llc-files-chapter-11-bankruptcy-protection\/","url_meta":{"origin":38574,"position":4},"title":"Tops Markets LLC Files Chapter 11 Bankruptcy Protection","author":"WRFA Radio","date":"February 21, 2018","format":false,"excerpt":"WILLIAMSVILLE - Supermarket chain Tops Markets LLC filed for bankruptcy protection Wednesday, the latest regional grocery chain to look to restructure its balance sheet as consumers move to nontraditional food retailers. In court papers, Chief Restructuring Officer Michael Buenzow said the 2007 purchase of the company and subsequent transactions by\u2026","rel":"","context":"In &quot;Local News&quot;","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/02\/Tops-Logo.jpg?fit=600%2C337&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/02\/Tops-Logo.jpg?fit=600%2C337&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2018\/02\/Tops-Logo.jpg?fit=600%2C337&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":55068,"url":"https:\/\/www.wrfalp.com\/rite-aid-has-filed-for-bankruptcy\/","url_meta":{"origin":38574,"position":5},"title":"Rite Aid Has Filed For Bankruptcy","author":"WRFA Radio","date":"October 17, 2023","format":false,"excerpt":"Major U.S. pharmacy chain Rite Aid has filed for bankruptcy. 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In 2022, Rite Aid settled for up to $30 million to resolve\u2026","rel":"","context":"In &quot;Local News&quot;","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/10\/Rite-Aid-Brooklyn-Square.jpg?fit=738%2C314&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/10\/Rite-Aid-Brooklyn-Square.jpg?fit=738%2C314&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/10\/Rite-Aid-Brooklyn-Square.jpg?fit=738%2C314&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/10\/Rite-Aid-Brooklyn-Square.jpg?fit=738%2C314&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/38574"}],"collection":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/comments?post=38574"}],"version-history":[{"count":1,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/38574\/revisions"}],"predecessor-version":[{"id":38576,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/38574\/revisions\/38576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media\/38575"}],"wp:attachment":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media?parent=38574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/categories?post=38574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/tags?post=38574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}