The Last Resort: How America's Malls Are Drowning in Debt The news that Boatworks at Tahoe LLC has filed for Chapter 11 bankruptcy protection is the latest symptom of a deeper disease afflicting America's malls.
For decades, these once thriving retail hubs have struggled to stay afloat as consumers increasingly turn to e commerce. The pandemic may have accelerated their decline, but it's not the sole culprit.
The story of Boatworks at Tahoe LLC, which operates the iconic Boatworks Mall and Inn on Lake Tahoe's North Shore, is a case study in this trend.