Chautauqua Mall Owner Files For Chapter 11 Financial Restructuring

App users, tap here to watch video report.

LAKEWOOD – The Chautauqua Mall’s owner has filed for Chapter 11 Financial Restructuring.

Ohio-based Washington Prime Group announced the news on Sunday night citing the pandemic’s financial challenges, with store closures at both the Chautauqua County location and nationwide.

The business reports it has secured $100 million in new money debtor-in-possession financing from consenting creditors to support day-to-day operations during the legal process.

The company has also filed several customary first day motions in bankruptcy court that will allow the group to continue operations.

Earlier this year the business missed a $23.2 million interest payment, plummeting its stock price.


Make it easy to keep up to date with more stories like this. Download the WNY News Now mobile app on the Apple App Store and Google Play Store.


Have a news tip? Email, send us a message on Facebook, or Twitter.

WNY News Now encourages an open exchange of opinions and ideas on our stories, however, we ask everyone to follow our comment policy.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.