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Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

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Old 04-17-2009, 09:15 AM   #1
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Bellis Fair parent company filed for bankruptcy

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The owners of Bellis Fair Mall in Bellingham have filed for bankruptcy protection. The parent company, General Growth Properties, is the second biggest mall operator in the United States with over 200 shopping centres.

The move by the Chicago based company had been widely anticipated since the fall, when the company warned it might have to seek protection if it didn't get lenders to rework debt terms. But don't get ready for any "going out of business" sales anytime soon. It's believed Bellis Fair is one of the most profitable properties and will likely stay open even if it means finding new ownership.
http://www.news1130.com/news/local/m...17_010200_1616
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Old 04-17-2009, 09:22 AM   #2
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bellis fair is the second biggest mall in america? wow
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Old 04-17-2009, 09:28 AM   #3
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bellis fair is the second biggest mall in america? wow
Ughhh.. no....

The operator is the second biggest mall operator in America..
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Old 04-17-2009, 10:22 AM   #4
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FUCK i hope they dont close old country buffet T_T
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Old 04-17-2009, 10:24 AM   #5
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bellis fair is the second biggest mall in america? wow
Reading fails you.
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Old 04-17-2009, 10:35 AM   #6
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Reading fails you.


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FUCK i hope they dont close old country buffet T_T
i love eating there
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Old 04-17-2009, 10:46 AM   #7
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FUCK i hope they dont close old country buffet T_T
Never been there, but are you kidding? Anything with the word "buffet" scares me.

"All you can eat" however, is a completely different story.
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Old 04-17-2009, 10:55 AM   #8
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Never been there, but are you kidding? Anything with the word "buffet" scares me.

"All you can eat" however, is a completely different story.
In Vancouver..the word buffet is scary...but I've been to some resturants in Toronto...and they were clean and had very decent food.
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Old 04-17-2009, 10:56 AM   #9
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So wait...if it's that profitable, why is it going bankrupt? Does profitability not equal better credit terms?
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Old 04-17-2009, 11:01 AM   #10
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So wait...if it's that profitable, why is it going bankrupt? Does profitability not equal better credit terms?
The entire company as a whole is not profitable, at least not enough to cover interest payments as well.
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Old 04-17-2009, 12:21 PM   #11
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bellis fair is the second biggest mall in america? wow
its ok buddy
we all make mistakes
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Old 04-17-2009, 12:27 PM   #12
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whhat! nooooo!
I actually like that mall cause it's the CLOSEST big american mall from here with victoria's secret ='(

As for Old Country Buffet.. i personally dont really like the foood there, my parents love it there though
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Old 04-17-2009, 12:38 PM   #13
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OCB as a buffet is decent, but if you paid regular price and got OCB quality food..... well, you get the point.
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Old 04-17-2009, 01:13 PM   #14
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But don't get ready for any "going out of business" sales anytime soon. It's believed Bellis Fair is one of the most profitable properties and will likely stay open even if it means finding new ownership.
Good.
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Old 04-17-2009, 01:17 PM   #15
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cheap person tip for OCB.

get there just before breakfast ends and pay the breakfast rate. Soon they turn over the food to lunch and you can pick from that too lol
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Old 04-17-2009, 02:03 PM   #16
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Cheap person indeed!
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Old 04-17-2009, 02:37 PM   #17
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its ok buddy
we all make mistakes
Yes... him and you both.

Bellis Fair did not file for bankruptcy. The parent company did. Significant difference...
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Old 04-17-2009, 03:42 PM   #18
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great place to stop by to chill for a sec before heading south to Seattle
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Old 04-17-2009, 04:12 PM   #19
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i love eating there
X3 might have to make a trip down there on the next long weekend just in case
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Old 04-17-2009, 09:33 PM   #20
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i like the buffet at the casino by the outlets the best its like $11.xx USD i think.... pretty good value...old country is nice though....
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Old 04-17-2009, 10:05 PM   #21
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surprised theyre going bankrupt, place is always packed with latinos
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Old 04-17-2009, 11:42 PM   #22
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old country used to be great when they have the steak and ribs...but now they just have ham...sad
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Old 04-18-2009, 02:00 AM   #23
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lol... GGP, woke up a few days ago to find out my shares dropped 50% and it's been delisted. Oh well, I didn't own that much anyways. It was a penny stock, I don't invest much in those, just something to play with.
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Old 04-18-2009, 08:35 AM   #24
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Yes... him and you both.

Bellis Fair did not file for bankruptcy. The parent company did. Significant difference...
thats what i said in the title

bellis fair parent company
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Old 04-18-2009, 09:32 AM   #25
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thats what i said in the title

bellis fair parent company
No, that's what I edited the title to. You said "bellis fair declares bankruptcy".
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