Over the past few years, our Schuylkill County malls have slowly declined as businesses have left the shopping centers due to varying circumstances. Our malls that were once booming and places to hang out as kids have become empty with only half of the tenants being filled.
The reason for the decline has been a debate for years but one thing is for certain, they haven't given up yet.
This week, two of the three shopping malls in Schuylkill County began new chapters hoping to take that step in the right direction.
According to the Republican Herald, the Schuylkill Mall, Frackville, which is owned by Empire Schuylkill LP, filed for Chapter 7 bankruptcy. A sheriff's sale of the mall was also scheduled for Wednesday but that will "stay" because of the filing.
"The filing was done Monday in United States Bankruptcy Court for the Middle District of Pennsylvania. The mall was up for sheriff’s sale at 10 a.m. today but has been stayed because of the filing, a representative with the Sheriff’s Department said Tuesday." per the newspaper.Full story from the Republican Herald
http://m.republicanherald.com/news/schuylkill-mall-owner-files-for-bankruptcy-mall-won-t-be-sold-at-sheriff-s-sale-today-1.2108798
In other mall news, the Fairlane Village Mall, near Pottsville, was bought by two companies last month. According to the Republican Herald, Pottsville Mall LLC and Pottsville Commons LLC purchased the mall for almost $13 million.
Full story from the Republican Herald
http://m.republicanherald.com/news/2-companies-buy-fairlane-village-for-12-875-million-1.2108795