Showing posts with label Ohio. Show all posts
Showing posts with label Ohio. Show all posts

Tuesday, May 15, 2012

FirstMerit Bank Cutting 338 Positions, Closing Branches To Save CEO Pay (Ohio)


Here is an interesting tactic that I need to employ more often. First up from Cleveland.com, here is a routine story about mass layoffs in the banking industry:
FirstMerit Corp. is eliminating 338 positions and closing eight Northeast Ohio branches as part of a concerted effort to save money.

The positions are being cut as the Akron-based bank is eliminating all assistant branch manager jobs, increasing teller flexibility, eliminating redundant regional leadership posts and combining retail call support centers.

The moves were outlined by FirstMerit Chairman and CEO Paul Greig at an investor conference in London early Tuesday.

The job cuts are part of an initiative launched last fall to cut costs, and the bank's 2,997 employees were encouraged to make suggestions. About 4,000 ideas were submitted and 341 were used.

All of the cost-cutting measures should save the bank about $15 million the remainder of this year and $30 million next year.

FirstMerit said it's dealing with stricter regulations, low interest rates, a challenging economy and declining branch traffic. The bank, which is the fourth-largest based in Ohio and the 41st largest in the nation, has posted a quarterly profit for 13 straight years and said it wants to maintain that.

The bank has 206 branches and is closing eight of them in the Cleveland-Akron area and is converting a ninth one to drive-up service only. The moves will occur in August.
Just for fun, I Googled "FirstMerit Chairman and CEO Paul Greig" and "Compensation." Wanna know what I found? This little tidbit from back in 2010 on executive pay for the year 2009, also from Cleveland.com:
Company: FirstMerit Corp
Headquarters: Akron
Business: Banking

Chairman, President and CEO Paul Greig: $5,907,300
Change from previous year: +22 percent
Greig received a salary of $731,088; a bonus of $250,000; stock awards of $1,599,992; non-equity incentive plan compensation of $113,246; a change in pension value and non-qualified deferred compensation earnings of $2,833,715; and other compensation of $379,259.

OTHER KEY EXECUTIVES

Terrence Bichsel: $1,346,660
Executive vice president and chief financial officer

William Richgels: $1,134,980
Executive vice president and chief operating officer

Kenneth Dorsett: $939,256
Executive vice president, wealth management services

David Goodall: $618,960
Executive vice president, commercial banking
You read that right, the top five executives at this bank were hauling in nearly 2/3rds of the total cost savings expected this year from laying off 338 employees. It would seem unlikely that the employees FirstMerit were encouraged to be completely honest when Greig put them through the hell of making recommendations to eliminate their own jobs, because the very first recommendation obviously should have been: cut you own fucking pay, asshole. What's even sadder is that second story was sitting right there in the newspaper's own archives, yet they didn't think that Greig and the other executives' insanely high pay was at all relevant to the story.

Wednesday, April 25, 2012

International Paper Closing Four Plants, Eliminating 215 Jobs


A corporate merger was the reason for this mass layoff story. The Memphis Business Journal has the details:
Citing the need to eliminate overcapacity and integrate its now-combined container business, International Paper Co. is shutting down four plants across the country in the next two months.

The plants are located in Fort Smith, Ark., Santa Paula, Calif., Chicago and Solon, Ohio. The company will eliminate a total of 215 jobs, according to an International Paper statement. The plants are a combination of facilities owned by Austin, Texas-based Temple-Inland Inc. and International Paper.

The closings come months after Memphis-based International Paper (NYSE: IP) completed its $4.4 billion acquisition of Temple-Inland, which brought an additional 10,000 employees, 59 box plants, 14 building products plants and seven containerboard mills into IP’s group of 23,000 employees, 12 paper mills and more than 140 box plants on six continents.
Sounds to me like someone is trying to monopolize the paper industry.


Bonus: We don't need corporate America to do any more joining together

Friday, April 13, 2012

Kenworth Truck Company (Ohio) Announces Significant Layoffs


Catch the key phrase at the end of this article from ONNtv.com:
Ross County Job and Family Services were told Wednesday that the Kenworth Truck Company plant in Chillicothe would be making a significant cut to its staff, nearly 10 percent, ONN’s Denise Alex reported.

James Ford is the deputy director of Ross County's Job and Family Services.

"We made contact with the company to verify that 250 individuals were being laid off," Ford said.
Ford said that his agency is already preparing packets for those laid off employees to assist with unemployment, medical assistance and job re-training.

“We have to focus on the skills that are transferable. Their knowledge of mechanics. Their knowledge of details. The ability to perform tasks. How closely they need to be supervised. All those things are transferable into another position," Ford said.

Kenworth, which assembles trucks, said that despite having 73 straight years of profitability, demand has recently been down.
Yet another indicator that all of the talk of economic recovery is nothing but hot air. It stands to reason that if the economy was actually picking up, the company that makes the trucks that move the goods and services would not be seeing a decline in sales.


Bonus: Sounds like the dream is turning into a nightmare

Tuesday, March 6, 2012

What's The Matter With Ohio?


Several times here at TDS I've used the term, Spoiled Rotten Nation, to describe a country where an infantile electorate demands a high level of government services, but yet does not want to pay taxes to support those services. A couple of generations ago, the political divide on such issues was that the Democrats were the party of "tax and spend," while the Republicans generally favored fiscal restraint. Then Ronald Reagan came along and started selling the "Morning in America" snake oil of having your cake and eating it too. As a result, the Republicans became the party of "borrow and spend," and all fiscal restraint went right out the window. Yet Republican voters, who are every bit as addicted to government largess as are Democrats, still laughably see themselves as the party of fiscal restraint.

This dynamic can be seen very clearly in this recent Los Angeles Times story about the effects of budget "austerity" in the Great State of Ohio:
Ohio has been a battleground for budget issues. In 2010, it elected a Republican governor, John Kasich, who pledged to balance the state budget without raising taxes, an approach echoed by GOP presidential candidates circling the state before Tuesday's primary. In his budget, passed last summer, he eliminated the $8-billion deficit by slashing funding for local governments, among other things. In some towns, the new budget means a 25% reduction in state funding this year and a further 25% drop the year after.

"Think about this: In six months we eliminated an $8-billion budget shortfall without a tax increase," Kasich said in his state of the state address this year.

The cuts were felt across the state: Auglaize County, where Uniopolis is located, lost $5 million in the new budget, according to Innovation Ohio, a left-leaning think tank. Cuyahoga County, the home of Cleveland, lost $230 million, and Hamilton County, where Cincinnati is located, lost $136 million, the think tank reported.

Around the state, police departments have laid off staff — in some cases, half of the officers. Police will no longer respond in person to theft calls if there are no witnesses, said Jay McDonald, head of the Fraternal Order of Police. About 166 school districts are projected to run deficits by 2014; many are scrambling to come up with cash by selling space for cellphone towers and charging students hundreds of dollars to participate in sports or extracurricular activities. The cuts came at the same time federal stimulus funding for schools ran out, dealing a double whammy for many communities.
Okay, a politician actually did what he pledged to do during the election campaign. So what exactly is the problem, other than the hardships it is causing?
In the western part of the state, a Republican stronghold where forgotten barns with peeling paint sit atop flat fields, many who supported Kasich say they didn't expect the cuts would reach their small hamlets. Uniopolis voted for Kasich by a margin of more than 2 to 1.

"I did vote for Kasich. He said he was going to balance the budget and he did," said Bob Wenning, whose wife, Elaine, has sat on the Uniopolis Village Council for 19 years. "But there's a lot of towns that are hurting because of those state budget cuts."

"He could have cut less than what he did," added Elaine Wenning, standing outside the couple's small house as big rigs rumbled by on a two-lane highway.

It's not surprising that voters supported the idea of balancing the budget in concept, but don't like the reality, said Bob Ward, director of fiscal studies at the Nelson A. Rockefeller Institute of Government in Albany, N.Y.

"People like the idea of cutting government, but not cutting services," he said.
Well, no shit. And here is an even better quote:
"These communities have existed for generations. To try to devastate them with funding that has been taken away is un-American and un-Ohioan," said J.K. Byar, the Republican mayor of Amberley Village, a town outside Cincinnati.
Actually, Mayor Byar, there is a word for people like you who believe it is the government's job to maintain the common good: "socialist."

What this story portrays is just what powder keg Spoiled Rotten Nation really is. Beyond just dreary old partisan politics, there is a profound lack of understanding why such austerity is unavoidable in this brave new era of permanent peak oil induced economic contraction. For instance:
Many blame the federal government for the budget problems, accusing it of spending money on bureaucracy and fancy dinners.
Of course, the budget cuts in this story are STATE government revenues, and and have nothing to do with the federal government. Additionally, every state receives huge amounts of money from the federal government every year for such things as highways and schools, without which the Ohio cuts would have undoubtedly been even deeper.

So what will happen as the real economy continues to deteriorate and government services get cut even further? It's pretty obvious from this story that the anger and frustration will continue to mount even among those who claim they support such cuts.


Addendum: Right after I initially wrote this post, a story appeared from Cincinnati.com indicating that Governor Kasich turned down federal disaster assistance to help with the cleanup from the recent tornado outbreak in The Buckeye State:
Ohio Gov. John Kasich said thanks but no thanks to immediate federal disaster relief Saturday, even as governors in Indiana and Kentucky welcomed the help.

Kasich did not rule out asking for assistance later, but his decision means tornado-ravaged towns in Ohio will not get federal aid now and are not eligible at this time for potentially millions of dollars in payments and loans.

The governor said Ohio can respond to the crisis without federal help and he would not ask federal authorities to declare the region a disaster area.

“I believe that we can handle this,” Kasich said while visiting a shelter for storm victims at New Richmond High School. “We’ll have down here all the assets of the state.”
Take comfort, Ohio. You got EXACTLY what you voted for. Not many people can actually say that these days.


Bonus: "It's a small town, son...and we all must know our place"

Sunday, February 26, 2012

Appelton Papers To Lay Off 330 Ohio Workers


Once again, your job is only of value to the company as long as they can't figure out a way to do things cheaper by replacing you. Here is the Dayton Daily News with the details:
The 400 employees at Appleton Papers Inc.’s plant in West Carrollton were not prepared Thursday for the news that three-fourths of them stand to lose their jobs following a $3 billion deal with a Canadian supplier.

The workers were “flabbergasted, heartbroken, taken by surprise,” said Jim Allen, president of Local 266 of the United Steelworkers, which represents plant workers. “We were knocked down.”
I'll bet. So what was the reason behind the decision?
Appleton plans to let go of 330 workers and cease making paper at the West Alex Bell Road plant following a 15-year deal with Domtar Corp., based in Montreal.

Domtar will supply Wisconsin-based Appleton with most of the uncoated base paper it needs to make thermal, carbonless and other specialty paper products, negating the need to make the base paper at the West Carrollton plant.


About 100 employees would remain at the plant to run its thermal paper coating operations, Appleton said.

Mark Richards, Appleton’s chairman, president and chief executive, called the move a “competitive necessity.”

“Our employees have never wavered in their dedication to excellence and to serving our customers,” Richards said. “What has changed is the economics of the industry in which we compete.”

“Nonintegrated” paper mills — mills that don’t produce pulp from logs or wood chips gathered on site — are “distinctly disadvantaged and no longer competitive,” the Appleton release added. The local mill must purchase pulp and recycle waste paper.

The idea that nonintegrated mills are less efficient is not new. But Van Dan Brandt said the cost of pulp, driven by worldwide demand, is higher than ever.

Since 2005, 25 nonintegrated mills in the U.S. have closed, including four in Ohio, Van Den Brandt said.
NAFTA - the gift that just keeps on giving.

Sunday, February 12, 2012

Liggett Stashower Advertising Agency (Ohio) Closes


The media can keep hypingthe supposed recovery all it wants, but its pretty telling when a large advertising firm suddenly declares Chapter 7 bankruptcy and abruptly shuts down. Here is Cleveland.com with the details:
Advertising agency Liggett Stashower Inc. has closed its doors and filed for Chapter 7 bankruptcy, according to documents filed with the U.S. Bankruptcy Court.

In a letter addressed to friends and associates on Liggett Stashower letterhead, President and Managing Partner David Moore on Monday confirmed what many in the advertising and marketing community had suspected might happen -- that the 24-year-old company had shut down.

"I am saddened to share with you the news that despite our best efforts, Liggett Stashower has closed, effective February 3, 2012," he wrote in a letter obtained by The Plain Dealer.

"We had hoped to reorganize and rebuild the agency, but that unfortunately did not come to pass. . . Liggett has determined that it is in the best interest of its creditors and all interested parties to wind its business affairs down through a Chapter 7 bankruptcy."
Moore would not comment about the letter.

The bankruptcy papers filed Friday to sell off the company's assets said Liggett had "entered a period of extreme financial distress and lack of financial liquidity." The company had assets of $1.42 million and debts of $2.70 million.

Liggett Stashower, once the second-largest advertising agency in Cleveland, cut most of its employees on Jan. 18, saying it needed to adjust its expenses to match its declining revenues.
Well, it looks like the companies are now very much matching its revenues: zero.

Wednesday, February 8, 2012

Xpedx Closing All U.S. Stores


I've never seen a chain of retail stores go under quite so quietly. Here is the lowdown from the Rochester Democrat and Chronicle:
Ohio-based packaging and printing supplies company Xpedx is closing its stores nationwide.

Xpedx has one local store, at 725 South Ave. The stores specialize in providing supplies such as paper to smaller print shops.

The company announced the move earlier this month on its Facebook page. It does not give a time frame for the move. But according to Xpedx, it will replace its stores with a greater focus on its distribution network and with “mini-merchant” locations in some markets.

The move comes atop Xpedx’s closing last year of its Canadian operations as it focused more on the U.S. and Mexican markets.

Xpedx is part of International Paper Co.
And that was it. A Google search did not reveal any other news stories about this chain going under. Near as I could tell from the company's website, they have about 65 or so stores nationwide under both the Xpedx and Arvey brand names. Looks like closing their Canadian operations last year didn't do anything to help their bottom line.


Bonus: Xpedx is now a late paper company

Tuesday, February 7, 2012

America's Most Miserable Cities, 2012

image: The Machesney Park Mall, Rockford, Illinois...yesterday and today

The new Forbes list of America's Most Miserable Cities is out. Here is Yahoo Real Estate with the details:
Miami is a playground for the rich and famous. Celebrities flock to parties at South Beach clubs and then return to their $10 million mansions in Miami Beach and Key Biscayne. It’s a leading city in culture, finance and international trade. But away from the glitz and glamor, many ordinary Miamians are struggling.

A crippling housing crisis has cost multitudes of residents their homes and jobs. The metro area has one of the highest violent crime rates in the country and workers face lengthy daily commutes. Add it all up and Miami takes the top spot in our ranking of America’s Most Miserable Cities.

The most famous way to gauge misery is the Misery Index developed by economist Arthur Okun in the 1960s, which combines unemployment and inflation. Our take on misery is based on the things that people complain about on a regular basis.

We looked at 10 factors for the 200 largest metro areas and divisions in the U.S. Some are serious, like violent crime, unemployment rates, foreclosures, taxes (income and property), home prices and political corruption. Other factors we included are less weighty, like commute times, weather and how the area’s pro sports teams did. While sports, commuting and weather can be considered trivial by many, they can be the determining factor in the level of misery for a significant number of people. One tweak to this year’s list: we swapped out sales tax rates for property tax rates. Miami would have finished No. 1 under the old methodology as well.

Miami has local company in misery on our list: the West Palm Beach metropolitan division ranks fourth and Fort Lauderdale is seventh. Both areas have been hit hard by the housing crises.

Michigan’s troubled duo of Detroit and Flint clock in at No. 2 and No. 3 among the most miserable cities. The cities have been reeling for decades due to the decline of the U.S. auto industry and in recent years have been demolishing houses to change their city landscapes. Detroit has closed schools and laid off police, while Michigan appointed an emergency manager last year to take over Flint’s budget and operations. Detroit and Flint rank No. 1 and No. 3 when it comes to violent crime, and unemployment over the past three years in both communities has also been among the worst in the U.S.

Last year’s most miserable city, Stockton, ranks No. 11 this year. Stockton got a boost as housing prices have stabilized to some degree after a 45% drop between 2006 and 2008. They also benefited from our replacement of sales tax rates with property taxes in the methodology (Stockton would have finished No. 6 under the old methodology). Stockton still has plenty of problems, though. It ranks among the country’s six worst when it comes to unemployment, foreclosures and violent crime.

The Top 10 List is below, with details for each one at the link:
10. Warren, Michigan

9. Rockford, Illinois

8. Toledo, Ohio

7. Fort Lauderdale, Florida

6. Chicago, Illinois

5. Sacramento, California

4. West Palm Beach, Florida

3. Flint, Michigan

2. Detroit, Michigan

1. Miami, Florida
Interesting that two cities in which I used to reside, Chicago (6) and Rockford (9) made the list. Perhaps that is why I am such a sunny personality. I chronicled Rockford's descent into hell last May 23rd in my post, "Worst City in America" -- How Rampant Globalization Transformed Rockford, Illinois." I'm sure it must be cold comfort to the citizens of Rockford that eight other cities have passed them up in their misery.


Bonus: "They say misery loves company. We could start a company...and make misery"

Monday, February 6, 2012

Thirty-One Gifts (Ohio) Will Lay Off 182


Another day, another mass layoff notice, as reported by the Newark Advocate:
A central Ohio company growing so fast it expanded to Easton Town Center 16 months ago announced Thursday the layoffs of 182 employees, including 92 in Johnstown.

Thirty-One Gifts, a direct-selling company that specializes in personalized gifts, laid off 90 at its Easton office, as well as 92 at its Commerce Boulevard facility at the Johnstown Industrial Park.

The private company, moved by founder and President Cindy Monroe from Tennessee to Johnstown in 2009, also operates facilities in Springfield and another in the Columbus area.
Normally, this story would hardly be worth reading, except for the particularly dopey quote from the president and founder of the company:
“Throughout 2011, we invested heavily in systems, improved infrastructure in our call center operations, warehouse, and order management systems and in the hiring of employees,” Monroe stated in a press release.

“All of this led to great efficiencies and a great experience for our consultants and customers. The efficiencies also resulted in excess employee talent that isn’t required to meet our 2012 business strategies. This was an extremely difficult decision as we value all our employees’ contributions to our success.”

Company officials could not be reached for further comment.
It strikes me that the quote I bolded above is a particularly heartless way of describing the need for layoffs. It also strikes me that, despite founder and President Cindy Moore's lame attempt to obfuscate, what really happened here was an overly ambitious business expansion in the teeth of the worst economic conditions since the Great Depression. But I'm just a nobody blogger sitting on the couch in my basement, so what do I know?

Sunday, January 8, 2012

Delusional Optimism in Ohio in the Wake of a Factory Closing


At first, this local news story on yet another factory closing seemed pretty routine:
Another slap in Wilmington's face... the town that lost DHL is about to lose another company. The result is that one-hundred and 22 people are now out of work.

The Fortis plastics plant announced it is closing. It was called Kurz-Kasch until about a year ago. The company makes components for the airline and automotive industries. Fortis plants in other parts of the country have also closed in recent months.

Randy Riley officially became Wilmington's new mayor on January first. January second was a holiday. So when Riley arrived for his first work day, there was a surprise. "And I came in to work yesterday morning and the headline in the Wilmington News Journal was plastics plant to shut down, 122 jobs."

Fortis Plastics, a troubled company based in South Bend, Indiana, is closing several plants around the country ... including Wilmington. "To lose 122 jobs is devastating to the community and just like you said Jeff, it's 122 families, how many more children will be affected, people are on unemployment because of the closure. This is just a kick in the gut for the city of Wilmington and Clinton County."
Just another sad day in blue collar America. But then there was this passage towards the end of the article:
But even in bad times, even right across the street from bad times there can be good times if you know where to find them and you're willing to work. "We're gonna open up a child care center." In an old industrial building, across from the soon to be empty Fortis plastics plant, Hope Bell is putting in a 24-hour a day, 7-day-a-week day care center: "What gives you the optimism to think that this can work in today's environment? I've never been a quitter. It has to happen. Failure is not an option."

Wilmington is still aggressively searching for other new businesses. "It's like fishing. If you have a whole lot of lines in the water sooner or later you're gonna get a strike. We have a lot of lines and we're going to land a fish here, a good one that will bring 250-300-400-500 jobs."

And if that happens, lots of those new workers will need day care. "God has a plan for Clinton County. He certainly has one for us."
I'm not so sure God has a plan for Clinton County there, Ms. Bell. But peak oil and the ongoing collapse of our fossil fuel based economy certainly does. You'd be a lot better served placing your faith in geology rather than the almighty on this one.


Bonus: "I'm calling you from somewhere deep in Ohio"

Thursday, January 5, 2012

Ohio Quakes Linked to Oil-Drilling Waste Pumped Into Wells


Okay, so technically the recent earthquakes in Ohio were not the result of fracking, but check out the key passage in this USA Today article about the quakes:
Oil-drilling wastewater pumped into a northeast Ohio well "almost certainly" triggered 11 minor earthquakes around Youngstown since last spring, including one Saturday, a seismologist tells the Associated Press.

Ohio officials closed four inactive "fluid injection" wells within a five-mile radius of the Youngstown well, which is near a fault that geologists apparently weren't aware of. Pressure from the wastewater caused the fault to shift.

Northstar Disposal Services has used the wells to dispose of brine wastewater from shale oil and gas drilling, which officials said is different from so-called fracking, the Youngstown Business Journal and AP report.

Despite the disclaimer, The Christian Science Monitor writes that the disposal wells -- and the earthquakes -- are related to fracking, or hydraulic fracturing ("How fracking caused an Ohio earthquake").

The seismologist interviewed by the AP, John Armbruster of Columbia University's Lamont-Doherty Earth Observatory, said more minor shakes can be expected throughout 2012.

"The earthquakes will trickle on as a kind of a cascading process once you've caused them to occur," he said. "This one year of pumping is a pulse that has been pushed into the ground, and it's going to be spreading out for at least a year."

"...which is near a fault that geologists apparently weren't aware of..." in other words they were tampering with the geology of a potentially unstable area and had no idea about the risks they were taking. If they had no idea this fault line was there, how many other fault lines in potential fracking zones around the country do they have no idea about?

What is it going to take to stop this insanity, the accidental triggering of a major earthquake in a large metropolitan area? And before you scoff and say that can't happen, I would simply ask this question: how do you know? The science of earthquakes is still not well understood and they have yet to be predicted with any degree of accuracy. For all we know, every day that fracking and other injection techniques being used to extract oil and natural gas is placing us at risk of a major catastrophe. Do you want to be living in the area where the fracking equivalent of the Deepwater Horizon disaster takes place? Because I sure don't.

We should stop this madness once and for all and accept the fact that extending our fossil fuel supplies by a few years is not worth the risk of touching off a major earthquake, especially since we are eventually going to be forced to power down one way or another. But of course we won't. We're on a highway to hell, barreling at top speed with the brake line severed.


Bonus: "No stop signs...speed limits...nobody's gonna slow us down"

Thursday, December 15, 2011

First Generation Ohio Shopping Mall Falls Into Disrepair, Will Likely Be Shut Down


“Going to the mall” has become such an accepted part of American culture that we tend to forget that the concept of large indoor shopping malls with dozens if not hundreds of stores and a gigantic surrounding parking lot is a relatively recent addition to the landscape. It was only in the late-1960s and early-1970s that the opening of large modern shopping malls really got underway—changing the face of American consumer habits in the process.

The first large regional mall I ever visited as a child was the Cherryvale Mall in Rockford, Illinois, which opened in the mid-1970s. It was a 30-mile drive for my family to visit, and by today’s standards would seem fairly quaint, but at the time I was blown away by how big it seemed and by how all of the stores seemed to go on forever. For a REALLY special treat, my dad would take the family to the Woodbridge Woodfield (see comments) Mall in suburban Chicago, a couple of hours drive from our home. At the time, Woodbridge Woodfield billed itself as the “largest shopping mall in the world,” and indeed it did dwarf Cherryvale, being well more than double in size. Going there, in my wonderment I always thought it must contain everything in the world anyone could ever possibly want to buy.

In those days, there were still relatively few large malls spread around the country. For most middle class families going to the mall was always a big deal, sort of like a mini-vacation. Back then, shopping on say Black Friday seemed fun, rather than the dreary slog it has become, fighting off thousands of overamped consumer drones whose minds have been dulled by many years of exposure to the ever-slicker and more vacuous media campaigns spewed forth by Madison Avenue hucksters.

Sadly, in our utterly disposable society, many of that first generation of shopping malls have fallen into disrepair, and have even been abandoned as newer and ever more dazzling shopping palaces have been built to take their place. This has been particularly the case in the Rust Belt states, where closing factories and declining wages have limited many families to shopping at Walmart and dollar stores, the often-overpriced shopping mall merchandize now well beyond their meager means.

This has all been a long-winded introduction to a story that appeared the other day in the Toledo Blade, about the impending closure of yet another former regional shopping hub built a couple of generations ago:
A team of Northwood city and Wood County officials inspected the Woodville Mall on Monday, and the myriad problems they found in the 42-year-old nearly vacant shopping complex made it likely they will seek a court order this week to close its main section.

"There is no firm decision yet," Brian Ballenger, Northwood law director, said after the group finished a two-hour inspection of the mall, which is at 3725 Williston Rd.

But Mr. Ballenger said the group probably will reach a decision Tuesday morning and could have the Wood County prosecutor's office seek an injunction later this week to have it shuttered.

That would affect 12 retailers operating inside the cavernous 778,000-square-foot mall, which was built in 1969 by the DeBartolo Corp. of Youngstown. After the inspection, a Northwood official handed out packets to the tenants listing vacant area sites where they could relocate.

Two anchor stores attached to the mall — The Andersons General Store and Sears, both of which have separate outside entrances and have taken care of their areas — would be unaffected.

When contacted, Woodville Mall's owner, real estate investor Mike Kohan of Little Neck, N.Y., said he could not speak at the time. Later, he could not be reached for comment and did not return phone calls.
So just how badly had the mall been allowed to deteriorate?
The inspection team consisted of Mr. Ballenger. Brad Espen, Wood County director of environmental health, and Michael Rudey, Wood County chief building inspector. A Northwood fire department official joined the group to examine the mall's fire sprinkler system, which is not functioning.

At the Fox Woodville Theater, Mr. Espen said they found fallen ceiling tiles, wet carpeting caused by the leaking roof, and no emergency lighting. The temperature inside the theater — and most of the mall — was 38 degrees. Employees had attempted to use space heaters to raise the temperature.

The group later entered a wing of the mall that had been cordoned off and ventured into a small vacant store. Inside they found fallen ceiling tiles, wet floors, mold, and the smell of mildew. Throughout the wing, the floor was buckled in many places, which Mr. Rudey said was caused by sporadic heat and cold underneath the floor.

In the backroom of a former Lane Bryant store, inspectors found a three-foot-wide hole in the ceiling and what appeared to be loose stone on the floor. The stone turned out to be portions of the roof that had caved in.

Throughout the mall the group found water-stained carpeting, warped and stained ceiling tiles, mold and mildew, and strategically placed buckets and trash cans to catch water from the leaking roof.
Nevertheless, the remaining tenants were stillmanaging to eek out a living and will be devastated if the mall closes:
Patrick Falgout, owner of Hobby Outfitters, one of the 12 tenants in the mall, said he was "kind of shocked" when he got the letter. He had already spent money having the roof above his store fixed and was using electric heat to keep his store warm.

Closing the mall would be a huge financial burden on him, he added. "It's been a rough four to five years for us. If I have to move, it's going to eat into my retirement savings," Mr. Falgout said.

Sue Grover, owner of the Sports Maniac sports memorabilia shop, said she and other tenants cannot afford to move elsewhere. "We knew nothing of this. If we had known this was happening, I'd have never ordered Christmas stock," she said.

Ms. Grover said she hopes the city and county will allow the mall to stay open through the holiday season. That might provide enough revenues to allow the merchants to move out of the mall.

"It's a good mall. The money's here. They just need somebody to take care of it," she added.
So sad and so typical of modern America—use it up, don’t take care of it and throw it away. There is more profit to be made by building something more flashy and trendy than by taking care of what we already have. It’s the same misguided thinking that caused so much of Obama’s Recovery Act money to be spent on building new roads rather than to repair the crumbling existing transportation infrastructure. The American consumer machine is like a shark. It needs to keep swimming forward and feeding or it will die. Someday in the not-too-distant future, it will face on a large scale the same fate that has now befallen the Woodville Mall of Northwood, Ohio.