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January 29, 2009

Mall expansion postponed

By The Mainebiz News Staff

The owners of the Maine Mall have delayed an $8 million expansion of the mall indefinitely because of the weak economy.

Chicago-based General Growth Properties, the owner of the Maine Mall in South Portland, postponed construction of the 90,000-square-foot Maine Mall Commons, according to The Current. The news comes a month after the South Portland Planning Board unanimously approved the project, the paper reported. The company, which hopes to sell some of its non-Maine properties to avoid bankruptcy, said the market conditions were not favorable to the project.

Jim Graham, spokesman for General Growth, told The Current that the project eventually would be built, but did not say when. The company has been down this road before -- in 2008, it canceled another planned expansion at the mall -- which included a movie theater complex and a second food court -- after it had won Planning Board approval. That project has thus far not been resurrected.

 

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