Owners of Capital City Mall file for Bankruptcy
(Lower Allen Township, PA) -- The owners of the Capital City Mall in Lower Allen Township have filed for bankruptcy. Officials with PREIT Development say the move will help them reorganize about a billion-dollars of debt. The filing is not expected to affect the mall's operations. The company reportedly has struggled because retail sales have shifted to on-line websites. Company leaders say they hope to exit bankruptcy in early February. PREIT also filed for bankruptcy three years ago during the pandemic.