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NEW HANOVER COUNTY — It’s been a long road for area nonprofits to travel down throughout the course of the pandemic. Covid-19 shutdowns stunted normal…

Destiny USA, Syracuse’s mammoth mall, faces a crisis of debt and uncertainty (Part 1) Today 6:00 AM Facebook Share Destiny, New York’s biggest shopping mall, is buried in an almost-unimaginable load of debt. Pyramid Management Group, the mall’s owner and operator, owes $715 million on the property. That has not changed much since Pyramid opened a big addition in 2012 and changed the mall’s name from Carousel Center to Destiny USA. Meanwhile, time and some harsh changes in the retail business have pummeled Pyramid. The mall is now worth $203 million, according to a recent appraisal. T...

N.Y.’s Biggest Mall Borrowed Big and Now Can't Pay Destiny USA, the state’s largest mall, may not generate enough cash to keep running and pay its debts this year. Bloomberg | May 14, 2021 (Bloomberg)—A sprawling shopping mall in Syracuse, New York, may be driven into one of the biggest municipal-bond defaults since the onset of the pandemic. Already struggling before the lockdowns hammered retailers, Destiny USA, the state’s largest mall, said it doesn’t know if it will generate enough cash to keep running and pay its debts this year, raising doubts about whether it can cont...

Destiny USA reveals pandemic’s toll on the mall: plunging rent income and ‘uncertainty’ Updated 1:25 PM; Today 1:25 PM A shopper takes the escalator at Destiny USA on July 14, 2021, following the mall's reopening after a four-month shutdown driven by the coronavirus pandemic.Rick Moriarty | rmoriarty@syracuse.com Facebook Share Syracuse, N.Y. — Destiny USA’s rent revenues fell by nearly a third in 2020 as the largest shopping mall in New York struggled under the coronavirus shutdown. A financial statement filed last week shows the mall received $14.6 million less in rents from its...

Rhonda Henry has joined Emmes’ BioPharma Group (Rockville, Md.) as president. The Wilmington native has 30 years of clinical research experience, most recently as vice president of patient solutions at PPD. In 2020, she was named to the PharmaVOICE 100 list of most inspiring people working in the life-sciences industry. Before joining PPD, she spent eight years at New Hanover Regional Medical Center, starting as a phlebotomist and completing her tenure there as a nurse in medical/surgical and neurology areas. According to Henry, “Two of the things that attracted me to Emmes were its exce...