General Growth Properties, the owner of Providence Place Mall, has filed for bankruptcy.  The company currently has $29 billion is assets, $27 billion in liabilities, and it has seen its revenue drop.  General Growth Properties will continue to operate its malls during the bankruptcy, so I would expect little or no difference at Providence Place.

     I'm sure Providence Place critics will be coming out of the woodwork claiming that the mall is a failure.  Don't listen to this nonsense.  Providence Place is doing very well.  From what I have read, General Growth Properties engaged in a very aggressive expansion, and was highly leveraged.  When you add that to a tough economy, you don't have much room for failure.  The company isn't performing well, but Providence Place is still strong.  If anything, I would assume that Providence Place is one of the company's bright spots.