General Growth Ch. 11 Plan For Baltimore Mall OK'd

Law360, New York (January 20, 2010, 6:18 PM EST) -- A bankruptcy judge signed off Wednesday on General Growth Properties Inc.'s reorganization plan for one of its Baltimore properties, with the mall development giant estimating that it will cost $428 million to emerge from Chapter 11.

Judge Allan Gropper approved the reorganization plan for the Village of Cross Keys — an upscale Baltimore shopping mall — in a hearing in the U.S. Bankruptcy Court for the Southern District of New York, after General Growth filed a fourth supplement to its disclosure statement revealing the emergence costs....
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