« Updates From Plane Rescue in Hudson River | Main | Nonfiction Reviews — 10/13/2008 »
January 16, 2009
Circuit City Sets Deal on Liquidation
AP via NYTimes.com
Looks like there'll soon be room for another New York State or City agency in Bruce Ratner's Atlantic Center Mall.
Circuit City Stores Inc., the nation's second-biggest consumer electronics retailer, reached an agreement with liquidators on Friday to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal.
NoLandGrab: The New York State Department of Motor Vehicles is already housed in the Atlantic Center, and the City of New York is the largest tenant of Bruce Ratner's MetroTech complex. When Ratner's projects fail to succeed in the marketplace, his friends in government bail him out by leasing space.
Posted by eric at January 16, 2009 11:51 AM