Remember those geniuses who said having two outlet malls in the valley wouldn’t sign a death warrant for Chesterfield Mall? The place is almost a ghost town, and is now up for sale — at a discount. This single paragraph in Brian Feldts piece in the St. Louis Post-Dispatch piece says it all:
Chesterfield Mall has an appraised value of $12.4 million, according to research from Trepp, a provider of data to the securities and investment industries. The appraisal is down drastically from $286 million in 2006. The mall has an appraised value on file with St. Louis County of $36 million.