Palisades Center Mall Could Be Heading Towards Foreclosure
- The mall is reportedly overdue on paying $418.5 million mortgage taken out back in 2016.
- Creditors for the mall filed a mortgage foreclosure complaint in Supreme Court.
- They requested the mall and other assets be sold off in order to pay back lenders, the overdue mortgage and court fees.
- Elected officials are reportedly trying to find a way to keep the mall running as long as possible and find solutions to the issues mentioned.