Debt could hurt General Growth projects

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General Growth
Properties is $27 billion in debt, which could affect its development
projects like the South Street Seaport and a mixed-use complex in East
Harlem. According to the Wall Street Journal, General Growth’s failure
to refinance or to extend $1 billion in debt due this month could throw
into “substantial doubt” its ability to continue operations. General
Growth owes $900 million on two luxury malls in Las Vegas by November
28, and $50 million in bonds due by December 1.