Quantcast
 
Learn to trade in these market conditions - Click here Just Released!


 

Six Flags Mall, deep in the red, stays in the dark

Fri. August 29, 2008; Posted: 01:09 PM
Stocks RSS
Aug 29, 2008 (Fort Worth Star-Telegram - McClatchy-Tribune News Service via COMTEX) -- SIX | Quote | Chart | News | PowerRating -- Aug. 29--The Fire Department is escorting tenants back into the darkened Six Flags Mall to retrieve their belongings after shutting the mall down for fire-code violations.

The main part of the mall has been deemed unfit for business because the fire-safety equipment won't work with the power off, an Arlington fire official said.

It's not clear whether the power, which was turned off Monday, will be turned on before a foreclosure auction scheduled for Tuesday.

A representative for First Choice Power, the mall's latest electricity provider, declined to comment about the mall's account. But Reliant Energy filed suit Aug. 20 to try to collect $1.3 million in delinquent electric bills owed by several malls owned by the same company, including Six Flags Mall, through April. Six Flags Mall's portion is $349,226, according to the suit.

Suez Energy previously sued the mall, at Texas 360 and Division Street, in February 2007 for nearly $390,000 in unpaid electric bills.

Attempts to contact the mall management were unsuccessful. The mall's phone number was busy and a number given on the doors was for tenants to schedule an escort to go inside the mall.

What's happening

Mall workers, such as Scott Osmar, who works for a marketing research company, showed up Thursday in the vain hope that the lights would be turned back on.

The doors to the mall were closed, with no way to enter the main hallways. The skylights were the only source of light.

At least one of Six Flags' sister malls, Sunrise Mall in Corpus Christi, has also been without power this week, the Corpus Christi Caller-Times reported. Both malls are owned by Tom Morris.

The Fire Department began evacuating people from the mall Wednesday, said Keith Ebel, deputy fire marshal. With the power off, the alarms would not sound, strobes would not flash and any fire would not be reported to the monitoring company, he said.

The Fire Department has not been in communication with the mall's management, Ebel said. But closing the mall and evacuating it under these circumstances does not require management's assent.

"That's the fire code," he said.

Pets that were in a shop inside the mall were taken to an animal shelter, Ebel said.

Keeping the lights on

Mall anchors such as Everest College, Dillard's and Cinemark appear to be operating without interruption.

Tenants such as Michelle Gutierrez, who operates a clothing store, have long been frustrated with the mall's operations. She is particularly incensed with the sporadic delivery of electric bills that she believes were often too expensive.

She was on her way to Home Depot on Thursday to buy lighting supplies so that she could see well enough to pack her store up and leave.

"It's a nightmare," she said. "They're messing with people's lives."

News researcher Stacy Garcia contributed to this report.

To see more of the Fort Worth Star-Telegram, or to subscribe to the newspaper, go to http://www.dfw.com. Copyright (c) 2008, Fort Worth Star-Telegram, Texas Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

For full details for SIX click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [SIX]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2008 The Connors Group, Inc.