Grumpycat
Elite Member
Boo hoo. You think they should not have tried to build that mall in the first place? It was once a good business proposition until the city ruined the environment.No headline with bank honors terms of contract.
Investors default on loan, huge mall to close, hundreds lose jobs might catch national/global attention.
Players staked their positions, "I'll accept this much risk for this much profit." Turned out to be riskier than they believed. That is why there is a profit baked in at the front, because there is a risk of losing more than the initial investment.
The investors concluded they had lost enough money already and no chance of recovering, so they exercised options in the contract to return the property to the banks. If the banks can operate it at a profit they will.