Oregon investment group buys struggling Tri-County mall - Toledo News Now, News, Weather, Sports, Toledo, OH

Oregon investment group buys struggling Tri-County mall

CINCINNATI (AP) - A Portland, Ore., investment group has bought a large mall in suburban Cincinnati for $45 million and plans to continue running it as a mall.

The Cincinnati Enquirer (http://cin.ci/15POP01) reports that American Pacific International Capital made the winning bid for Tri-County Mall in Springdale at a Hamilton County sheriff's auction this week. The group's president says he wants to bring the mall "back to its old glory.".

Group President Wilson Chen says American Pacific plans to invest in improving the 750,000-square-foot mall but couldn't say how much or what would be done.

Springdale's economic development director says the city is glad to see Tri-County remain a mall.

Tri-County's occupancy had fallen in recent years. It and other enclosed malls have struggled while lifestyle shopping centers have grown in popularity.

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 This material may not be published, broadcast, rewritten or redistributed.

  • NationalMore>>

  • 2 dead as severe weather moves eastward through central US

    2 dead as severe weather moves eastward through central US

    Sunday, February 25 2018 2:25 AM EST2018-02-25 07:25:46 GMT
    Sunday, February 25 2018 3:05 AM EST2018-02-25 08:05:47 GMT
    (Liz Dufour/The Cincinnati Enquirer via AP). A view from the Central Bridge shows the flooding from the Ohio River  Saturday, Feb. 24, 2018 in Cincinnati.  Forecasters expected the Ohio River could reach levels not seen since the region's deadly 1997 f...(Liz Dufour/The Cincinnati Enquirer via AP). A view from the Central Bridge shows the flooding from the Ohio River Saturday, Feb. 24, 2018 in Cincinnati. Forecasters expected the Ohio River could reach levels not seen since the region's deadly 1997 f...
    2 dead as severe weather featuring possible tornadoes moves eastward through central US.More >>
    2 dead as severe weather featuring possible tornadoes moves eastward through central US.More >>
  • Billy Graham's body arrives at namesake library

    Billy Graham's body arrives at namesake library

    Saturday, February 24 2018 4:26 AM EST2018-02-24 09:26:05 GMT
    Sunday, February 25 2018 2:57 AM EST2018-02-25 07:57:03 GMT
    (AP Photo/Nell Redmond, File). FILE - In this Dec. 20, 2010 file photo, evangelist Billy Graham, 92, speaks during an interview at the Billy Graham Evangelistic Association headquarters in Charlotte, N.C. Graham, who died Wednesday, Feb. 21, 2018, at h...(AP Photo/Nell Redmond, File). FILE - In this Dec. 20, 2010 file photo, evangelist Billy Graham, 92, speaks during an interview at the Billy Graham Evangelistic Association headquarters in Charlotte, N.C. Graham, who died Wednesday, Feb. 21, 2018, at h...
    The Rev. Billy Graham's body will be brought to his hometown of Charlotte on Saturday as part of a procession expected to draw crowds of well-wishers.More >>
    The Rev. Billy Graham's body will be brought to his hometown of Charlotte on Saturday as part of a procession expected to draw crowds of well-wishers.More >>
  • NRA, Florida face backlash after latest school shooting

    NRA, Florida face backlash after latest school shooting

    Saturday, February 24 2018 4:36 AM EST2018-02-24 09:36:41 GMT
    Sunday, February 25 2018 2:56 AM EST2018-02-25 07:56:09 GMT
    (AP Photo/Mark Lennihan, File). FILE- In this Feb. 15, 2006, file photo, BlackRock headquarters is shown in New York. U.S. companies are taking a closer look at investments, co-branding deals and other ties to the gun industry and its public face, the ...(AP Photo/Mark Lennihan, File). FILE- In this Feb. 15, 2006, file photo, BlackRock headquarters is shown in New York. U.S. companies are taking a closer look at investments, co-branding deals and other ties to the gun industry and its public face, the ...

    NRA faces corporate backlash after latest school shooting.

    More >>

    NRA faces corporate backlash after latest school shooting.

    More >>
Powered by Frankly