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WestShore Plaza files for bankruptcy; shoppers likely won t notice a difference

WestShore Plaza files for bankruptcy; shoppers likely won t notice a difference Jennifer Holton reports TAMPA, Fla. - When the pandemic hit in 2020, it delivered another blow to the already struggling retail industry. Westshore Plaza Mall in Tampa was closed for nearly two months, but not nearly as long as other malls owned by the Washington Prime Group. Now, the Columbus Ohio-based company is facing financial fallout.  For a lot of properties, this was the final nail in the coffin, said Tampa Bay Business Journal’s Ashley Kritzer. COVID was kind of the final death blow for a lot of these online properties that couldn’t keep up with online shopping.

Washington Prime bankruptcy judge warns of value uncertainty as pandemic wanes

Equity holders preview valuation challenge Judge OKs bankruptcy loan The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. (Reuters) - The judge overseeing Washington Prime Group Inc’s bankruptcy said on Monday that evaluating the mall operator’s assets will be difficult as the lasting effects of the COVID-19 pandemic on real estate remain unclear – an issue that has quickly become central to the mall operator’s Chapter 11 case.

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