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.
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Thursday, May 23 2013 10:44 PM EDT2013-05-24 02:44:36 GMT
The fox responsible for biting two Newton County elementary school students while they played on their school's playground remains on the loose.
The fox that bit two Newton County elementary school students while they played on the playground is still on the loose. Animal control authorities tell FOX 5 someone from Rocky Plains Elementary School reported a fox sighting on campus one day before the boys were attacked.
Thursday, May 23 2013 10:35 PM EDT2013-05-24 02:35:19 GMT
State leaders and military dignitaries took part in an annual Memorial Day ceremony at the state Capitol on Thursday.
State leaders and military dignitaries took part in an annual Memorial Day ceremony at the state Capitol on Thursday. Gov. Nathan Deal took part in solemn salute of those who lost their lives while serving our country.
Thursday, May 23 2013 10:26 PM EDT2013-05-24 02:26:47 GMT
The jury has found Michael Parson guilty on all eight counts in the shooting of his wife outside their Sandy Springs apartment.The woman, Adina Parson, survived after being shot eight times.
The jury has found Michael Parson guilty on all eight counts in the shooting of his wife outside their Sandy Springs apartment.The woman, Adina Parson, survived after being shot eight times.
