For a long time, the dispute over the future of Washington Prime Group (WPG) has centered on the cost and durability of renovations. There has long been a fear that all the challenges would pile up at one time and exhaust the company resources. Then of course, bankruptcy (or at least no income distributions) would result from an assumed lack of management creativity. Washington Prime Group management has not been sitting still and the challenges ahead will probably arrive in manageable groups over time.
More important, the unit price now discounts a distribution