 It has been speculated that the loss of several prominent anchors (such as JCPenney, Gordmans, Old Navy, and Borders Books & Music) and the threat of losing others (most notably Sears) was a large contributing factor to a steep reduction in price.Namdar also is the owner of The Citadel (mall), the other enclosed shopping mall in Colorado Springs.On December 28, 2018, it was announced that Sears would also be closing as part of a plan to close 80 stores nationwide.