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Owner of malls in Morgantown & Vienna file for Chapter 11

MORGANTOWN – The owners of the Morgantown Mall are filing for Chapter 11 Bankruptcy protection, citing struggles due to the pandemic.

Washington Prime Group owns more than 100 locations around the country, including the Morgantown Mall and the Grand Central Mall in Vienna. In the filing, made late Sunday, company officials explain the shutdowns necessitated by the pandemic “created significant challenges” and the move to file for bankruptcy is a necessary action.

“The company’s financial restructuring will enable Washington Prime to right size its balance sheet and position the company for success going forward,” said CEO Lou Conforti. “During the financial restructuring, we will continue to work toward maximizing the value of our assets and our operating infrastructure.”

In the meantime, company officials insist that day-to-day operations at Washington Prime’s malls will remain unchanged thanks to $100 million in new funding secured by the company.

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