3 N.J. malls are going bankrupt, but towns that need their taxes hope they survive, Philadelphia
The future of malls in New Jersey and beyond very much in doubt of Philly based company that owns the Cherry Hill. Moore's Town and Cumberland Malls has filed for bankruptcy but NJ dot com reports they have not missed their local tax payments. That's good news for the towns where these malls are located. They depend on that revenue and it's lost during this pandemic would be bad news for residents.