McKinley Mall Facing Financial Woes

Deliquent on payments in recent report

Mike Baggerman
June 15, 2018 - 1:51 pm

McKinley Mall on June 15, 2018 (WBEN Photo/Mike Baggerman)

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HAMBURG, N.Y. (WBEN) - Following a report that the McKinley Mall hasn't made a recent payment on its loan, WBEN asked shoppers about the future of the mall in Hamburg.

The report, initially reported by The Buffalo News, showed that the mall did not make a payment in the last 30 days according to Trepp Analytics.

The mall's owner, Stoltz USA, was reached for comment about the delinquent payment. However, they did not return our call.

"I don't know if I'm worried about the malls in general but I think everything has to adapt," one shopper told us. "(The McKinley Mall), in particular, lost a lot of its anchor stores. Everybody buys from the internet."

The mall has faced struggles in the last several years. Major stores like Ulta relocated and other anchor stores like Bon-Ton are closing by the end of this summer.

"You have to pay a lot of rent for a lot of square feet," that shopper added. "I don't think that's going to be what they need to do in the future."

Another shopper predicted the mall would go under in one year.

A third shopper, who told us she does most of her shopping online because she finds good deals there, said malls are a better option for clothes.

An empty back area of the McKinley Mall on June 15, 2018 (WBEN Photo/Mike Baggerman)

 

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