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Malls In Trouble?

The owner of four major Kentucky shopping malls is having severe financial trouble and may file for bankruptcy protection.

General Growth Properties owns Florence Mall in northern Kentucky, Mall Saint Mathews and Oxmoor Center in Louisville, as well as Greenwood Mall in Bowling Green.

The company also owns the large Kenwood Mall, just across the border in Cincinnati.

General Growth has disclosed its problems to investors and indicated it may not be able to pay some bills.

The malls are expected to remain open, even if there's a bankruptcy filing.


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