itom987
Active Member
There are malls in Florida and new york built by triple 5 that are the same size or larger than wem. Triple 5 is using wem to finance those malls. I think.
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- Thread starter Daveography
- Start date
archited
Senior Member
Exactamundo!
Offworld
New Member
It's my recollection that there was a goodly amount of press a couple of years ago how the debt on Mall of America was in trouble and the collateralization of WEM was a real spectre for 555 to lose it all. I don't know what the outcome of the MoA debt was.
itom987
Active Member
We should all hope that those other properties owned by triple 5 eventually do well. Otherwise the WEM will be sold to a company that will value engineer WEM into being a ghost of its former self.