12/09/2010Posted by MJ
The Buffalo News reported the possibility now that General Growth Properties has emerged form bankruptcy protection:
Town Attorney Daniel E. Seaman said Wednesday that he believes there will be action on the construction of a Walmart supercenter on the Lockport Mall site “fairly soon.”
General Growth Properties, owner of the mall, emerged from Chapter 11 bankruptcy protection last month. That means its transactions no longer must be approved by a federal Bankruptcy Court judge, which was one of the hurdles the project needed to overcome...