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Stock impact report

Mall property auction raises concerns for city [Yahoo! Finance]

Ross Stores, Inc. (ROST) 
Last ross stores, inc. earnings: 3/3 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.rossstores.com
Company Research Source: Yahoo! Finance
The City of Danville issued a lengthy statement about the matter from its Community Relations department on Friday, saying it's in the city's interests not to be burdened financially in the future by more blighted properties. The mall's owner — reported to be T Danville/Tabani Group and incorporated in Texas — is placing the mall for sale by online auction on Monday, May 13, through Wednesday, May 15. The 35-plus acres that comprise mall property on the city's north side has been divided into three parcels. The main parcel — the grocery-anchored retail center where County Market, Pet Supplies Plus, Ross Stores and Dunham's Sports are located — is offered with a starting bid of $1.75 million. The remaining two parcels are offered with starting bids of $1 each. The city's statement expressed specific concern over the two parcels being sold with $1 opening bids, saying those parcels will be "sold to the highest bidder no matter how low the price." "This means that anyone with Show less Read more
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