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Fight Over Future of Florence Pool Continues at Council Meeting
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Florence votes to not fund aquatic center, closed since 2019, this year
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Florence Mall changes ownership after $90M loan default
Brookfield Properties relinquished mall to lenders
Itâs the second local mall to default on its debt in the wake of a pandemic that accelerated store closures and kept shoppers from venturing outdoors.
and last updated 2021-02-05 19:48:43-05
The Florence Mall has changed ownership after Brookfield Properties resolved a $90 million loan default by handing the property over to its lenders.
Itâs the second local mall to default on its debt in the wake of a pandemic that accelerated store closures and kept shoppers from venturing outdoors. And it signals a rapid decline for what had been considered one of the regionâs strongest malls, with an occupancy rate of 87.9% as recently as last March, according to Brookfield s most recent annual report.
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The Reds Community Fund, St. Elizabeth Healthcare and Pennsylvania-based Pitch In For Baseball & Softball distributed $45,000 worth of baseball and softball equipment Wednesday to 15 Northern Kentucky high schools and three youth baseball organizations.
For five consecutive years, these three groups have partnered to help local baseball and softball teams in Northern Kentucky. Nearly a year into the COVID-19 pandemic which forced the cancellation of the entire 2020 spring season for Northern Kentucky student-athletes, the need for equipment and resources is greater now as teams prepare for the ’21 season, and these organizations responded in a big way.
Thanks to the expertise of Pitch In For Baseball & Softball (PIFBS), the $45,000 went much further, providing a remarkable 2,320 pieces of equipment to 33 individual teams. The equipment consisted of 400 pairs of compression shorts, 159 pairs of socks, 114 dozen baseballs and softballs, 91 batting helmets, 58 e