Stonecrest Mall in DeKalb faces debt trouble - New York News

Stonecrest Mall in DeKalb faces debt trouble

Posted: Updated:
LITHONIA, Ga. -

The Mall at Stonecrest is facing debt trouble that leaves it vulnerable to foreclosure.

Fitch Ratings has reported that a loan backed in part by the Lithonia mall is now held by a company that helps firms work out of debt.

The Atlanta Journal-Constitution reports the move will not affect mall operations. Still, Lithonia Mayor Deborah Jackson called the problems "disturbing news."

Several malls across Georgia have faced financial difficulties, especially since the Great Recession. Gwinnett Place Mall went into foreclosure last year. The loan on Southlake Mall in Morrow last year went to the same firm now holding the Stonecrest loan. Union Station Mall in south Fulton County was foreclosed in 2010.

Three other Georgia malls in Macon, Gainesville and Rome have also faced foreclosure.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • Governor kicks off 114th annual New York International Auto Show

    Governor kicks off 114th annual New York International Auto Show

    Saturday, April 19 2014 7:00 PM EDT2014-04-19 23:00:18 GMT
    Auto fans you may already know this the 114th New York International Automobile Show is in town this week. Governor Cuomo was on hand Saturday to kick off the official opening of the 10 day event by driving a 2015 Chevrolet Corvette convertible through the Jacob Javits Convention Center.
    Auto fans you may already know this the 114th New York International Automobile Show is in town this week. Governor Cuomo was on hand Saturday to kick off the official opening of the 10 day event by driving a 2015 Chevrolet Corvette convertible through the Jacob Javits Convention Center.
  • Protesters gather outside Liam Neeson's home

    Protesters gather outside Liam Neeson's home

    Saturday, April 19 2014 6:51 PM EDT2014-04-19 22:51:12 GMT
    The escalating debate over carriage horses in New York City has gotten personal. Dozens of protestors gathered outside actor Liam Neeson's Upper West Side condo on Saturday to take the issue right to his doorstep. Standing in a straight line outside the actors condo, demonstrators held signs criticizing Liam Neeson's position that city carriage horses should keep working.
    The escalating debate over carriage horses in New York City has gotten personal. Dozens of protestors gathered outside actor Liam Neeson's Upper West Side condo on Saturday to take the issue right to his doorstep. Standing in a straight line outside the actors condo, demonstrators held signs criticizing Liam Neeson's position that city carriage horses should keep working.
  • New protocol for NYPD officers responding to fires

    New protocol for NYPD officers responding to fires

    Saturday, April 19 2014 6:49 PM EDT2014-04-19 22:49:11 GMT
    Police officials in New York City have changed the way officers respond to fires.They’re now required to take the stairs when they enter structures that are burning.This follows the death of an officer earlier this month.Officer Dennis Guerra was overcome by smoke and carbon dioxide as he got off the elevator on the 13th floor of a Brooklyn building on April 6th. He died three days later.
    Police officials in New York City have changed the way officers respond to fires.They’re now required to take the stairs when they enter structures that are burning.This follows the death of an officer earlier this month.Officer Dennis Guerra was overcome by smoke and carbon dioxide as he got off the elevator on the 13th floor of a Brooklyn building on April 6th. He died three days later.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices