Word: malling
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Dates: during 1990-1999
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...heir to the Frick steel fortune whose relatives have figured in business and government for centuries, John Fife Symington III made his local reputation as a real estate developer. But 13 of his projects went belly up. One, the Phoenix Mercado mall, was financed with $10 million from six union pension funds, which sued for repayment, eventually forcing Symington into bankruptcy...
...then Calvin Klein, more than any other major designer, has maintained a keen sense of mass-cultural tastes. He has kept his position as a beloved clothier of urbane working women, all the while forging a lucrative star status at the mall with his CK, fragrance and underwear divisions. With the launch of his jeans line in 1978, he became one of the first designers to put Vogue-world cachet within reach of ordinary consumers. In the process he helped strip fashion of its elitism; now countless designers offer lower-end lines...
Sigel says the mall has donated $250,000 towards a scholarship fund for local East Cambridge students. Vendetti adds that the mall typically gives out $13,000 to $18,000 each year to area residents to help defray the cost of college tuition...
Laurence J. Ward, who moved to Six Canal Pond from his birthplace in Maine, says he experienced more problems with traffic and crime in his 40,000-person community in Maine than in living near the mall...
...mall is no problem as far as I am concerned," Ward says. "I think it has done a lot of good for the neighborhood. The mall is a pretty good neighbor...