Wednesday, December 02, 2009

Elk Grove Promenade Remains in Limbo

The Sac Bee Home Front guys have an Elk Grove Promenade update:

General Growth Properties Inc. said today it reached agreement with lenders on more than 90 malls, part of a bankruptcy reorganization plan that would keep the Chicago mall developer largely intact. But the agreement didn't cover unfinished projects such as the Elk Grove Promenade, said company spokesman Jim Graham.
It will be several years before the project is completed. Meanwhile, the half-built skeleton is quite an eyesore west of 99. Here's a panorama photo of the site I took back in June:



Click here for a full-screen version.

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