Borders Books announced they are liquidating all of their stores due to inability to find a buyer after a sale deal fell apart.
In Pico Rivera, the city used a $1.6 Million federal grant to lure the retailer to the Towne Center. When the store closed their doors in March, the City of Pico Rivera was left with a $33,000 a month rent subsidy under terms of the 15-year agreement.
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