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.