By  on February 3, 2009

NEW YORK — Damon Hemmerdinger, the owner of The Mall at Atlas Park in Glendale, N.Y., made headlines last year when he gave away $20,000 — mostly in $1 bills — to random shoppers in an effort to spark the economy. Now, he’s making news again, but for less positive reasons.

The president of Atco Properties & Management defaulted on a loan payment that was due to French banks Société Générale and Caylon. Effective Feb. 19, the project’s lenders will take over the mall from Hemmerdinger.

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