Shepherd Mall Files For Bankruptcy

[OKCTalker]

Shepherd Mall owner files for Chapter 11 bankruptcy
September 11, 2008

OKLAHOMA CITY – VTA Oklahoma City LLC, the owner of Shepherd Mall, filed for Chapter 11 bankruptcy reorganization Wednesday.

VTA paid $48.5 million for the mall in June of 2005. The bankruptcy petition lists estimated assets at a range of $50 million to $100 million, with $10 million to $50 million in liabilities.

The mall covers more than 636,000 square feet.

VTA’s Dallas attorney was not immediately available for comment.

The business’s bankruptcy creditor matrix lists more than 200 creditors.

The largest of its unsecured creditor claims include $44,580 owed to OG&E and $53,000 to Affordable Asphalt and Concrete.

The mall was built in 1964. It sits on about 45 acres.

It was the first enclosed retail mall in Oklahoma City, but has housed mainly government agency tenants in recent years.

Copyright © 2008 The Journal Record All Rights Reserved
101 N. Robinson Ave., Ste. 101, Oklahoma City, OK, 73102 |
P.O. Box 26370, Oklahoma City, OK, 73126-0370 | (405) 235-3100
415 S. Boston Ave., Ste. 101, Tulsa, OK 74103 | (918) 295-0098

[Kerry]

Anyone surprised?

[Oh GAWD the Smell!]

Wonder what that means to Farmer's?

[Jesseda]

they will all now move to crossroads then we will have a repeat 6 years down the road and then they will all move to quail springs , thus the dying mall cycle continues

[Kerry]

Anyone interested in helping me start the worlds largest indoor urban assult paintball course? I know 600,000 sq feet that might be available soon.

[Oh GAWD the Smell!]

Anyone interested in helping me start the worlds largest indoor urban assult paintball course? I know 600,000 sq feet that might be available soon.

Combine and intertwine that with a go-cart track and some ADHD monkeys, and you could make a mint renting out guns to road ragers.

Hell, with one side popping paintballs, the other side retaliating with flung poo, and the go-carts caught in the crossfire? You could make a MINT off of spectator seats!

[Kerry]

Maybe I can get a tv contract wit ESPN8 - The Ocho. You can read all about in Obscure Sport Quarterly.

[Oh GAWD the Smell!]

YES!

[JWil]

YES!

Cotton McKnight: Looks like it's gonna be a two-on-one, a manage a trois of pain.
Pepper Brooks: Usually you pay double for that kind of action, Cotton.

[amaesquire]

Maybe Banta can buy it and turn it into a sort of housing compound.

Only kidding.

Sort of.

[warreng88]

F-ing A Cotton, F-ING A!!!

Pepper needs a new pair of shorts.

[ddavidson8]

they will all now move to crossroads then we will have a repeat 6 years down the road and then they will all move to quail springs , thus the dying mall cycle continues

So you are saying that Quail Springs should be added to the dying mall website? Really, that's what you're saying?

[Jon27]

Wonder what that means to Farmer's?

Same here!

[onthestrip]

I think the last thing that they will do is kick out paying tenants.

[SoonerLakers]

Wonder what that means to Farmer's?

Farmers won't be leaving Oklahoma City. They just renewed the lease through 2010 with Sheperd Mall. And I'm sure someone will buy up the mall and at least let business as usually continue. In the meantime Farmers is planning on building a new facility in the OKC area. No location selection has been announced.

[Jesseda]

no not yet if you read the post maybe in 6 years not now or just yet, but all the new lifestyle centers will hurt quail springs mall..

[Oh GAWD the Smell!]

Farmers won't be leaving Oklahoma City. They just renewed the lease through 2010 with Sheperd Mall. And I'm sure someone will buy up the mall and at least let business as usually continue. In the meantime Farmers is planning on building a new facility in the OKC area. No location selection has been announced.

I keep hearing that, and so does my g/f (she works there), but nothing concrete has been announced.

[OKCTalker]

Why WOULDN'T business continue - generally - as usual? It's a reorganization, not a liquidation.

[Kerry]

It will probably continue as normal, but talking about go-kart racing ADHD monkies is much more fun.

[Turanacus]

so what's the difference between this thread and the thread on newsok.com with the exact same article posted and the comment section at the bottom of the page? Threads started with jacked articles is weak, isn't dey?

[Kerry]

Well the biggest difference in that in 2 days you won't be able to comment on the story on the newsok site. At OKCTALK we can talk about this for years.

[SoonerLakers]

I keep hearing that, and so does my g/f (she works there), but nothing concrete has been announced.

There will likely be a location announce by the end of the year. Most rumors favor Quail Springs area.

[Jon27]

There will likely be a location announce by the end of the year. Most rumors favor Quail Springs area.

How did you find this out?

[amandagall5]

There will likely be a location announce by the end of the year. Most rumors favor Quail Springs area.

How do you know that, do you work there? I do and once heard a rumor about moving but have not heard anything since about location or any timing of announcements. It has only been in the last few weeks that all the carpet has been replaced in the downstairs section.

[jbrown84]

Well the biggest difference in that in 2 days you won't be able to comment on the story on the newsok site. At OKCTALK we can talk about this for years.

Did they get rid of the comments feature? I noticed I couldn't find it lately.