Al Boscov withholds bid on struggling mall in Scranton

Al Boscov withholds bid on struggling mall in Scranton

SCRANTON, Pa. - Al Boscov didn't bid on a struggling mall in Scranton because he said the asking price was too high.

The Mall at Steamtown was sold at a sheriff's sale on Tuesday to agents for the mall's owners for $37 million.

Boscov, the chairman of Exeter Township-based Boscov's department stores, said in April that he was considering bidding on the mall.

Boscov's is the mall's main anchor. Boscov said the Scranton store is doing well and he has no plans to close it, no matter who owns the mall.

DISCLAIMER FOR COMMENTS: The views expressed by public comments are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the TERMS OF USE  and the comment you are posting is in compliance with such terms. Your comments may be used on air. Be polite. Inappropriate posts or posts containing offsite links may be removed by the moderator.

Allentown, PA 18102




  • %

This Week's Circulars

Latest from the newsroom