The Village Marketplace in Seattle, Washington, has closed its doors after the end of its three-year run.
The town of about 11,000 has been in the news a lot lately, and has recently been hit with a number of major hurricanes and wildfires.
Market Crash Now: A Post-Market Market Crash Guide The VillageMarket Marketplace in Bellevue, Washington.
It is the second time the town has shut down in three years.
Last week, the city council voted unanimously to extend its lease on the mall to 2021, according to the Seattle Times.
The mall closed last October after it lost $1.2 million in its first six months of operation.
As the Times reported, the mall was in financial trouble from the start, with the closure of a restaurant, a hair salon and a hair stylist.
In December, the town held an open house for residents to discuss the mall’s future.
Many of the residents were excited about the opening of the mall and said they were confident the mall would survive, according the Times.
“I feel that I’m in a good position to do the mall,” said James Kavanagh, who opened the store last summer.
Kavanah and his wife have been in business for three years and say they were not planning on opening the store until after the market closed.
“We are hoping for a better outcome,” he said.
“Hopefully the mall will survive, because it is a very special place to work and live in.”
The mall’s closing will affect about 400 people, according Seattle-based nonprofit Market Crash Today, which operates a website where residents can submit their stories of market closings and help shape future decisions.
The organization says it has seen a number local and national businesses shut down and others relocate.
The website, MarketCrashToday.com, was started by two friends who wanted to share their stories about closing stores and saving communities from financial ruin.
“The Village Market is not a small, one-time thing.
It has had a major impact on our community,” said Alex Kavanaghan, a spokesman for Market Crash today.
“And we hope that the community will see the importance of community and helping to preserve it and be a part of it.”
A photo posted by The Village Mall (@villagemarket) on Dec 21, 2017 at 2:34pm PST Market Crash now says it is working to bring in other businesses to the area.
The Seattle-area community is currently suffering from the devastating effects of Hurricanes Harvey and Irma, which have been blamed on climate change.
While local officials have urged residents to avoid shopping at the mall for now, many residents say the mall is still the place to go for food and other supplies.
Market crash now says the town of Bellevue is considering opening its first-ever community grocery store, according The Seattle Times, which is expected to open in the coming months.