Mall Of America Enters Forbearance Agreement To Avoid Foreclosure

From CBS Minnesota:

By Liz Collin

August 19, 2020

MINNEAPOLIS (WCCO) — The Mall of America is taking steps to keep its doors open as its money troubles persist during the COVID-19 pandemic. The mall’s owner has entered a forbearance agreement in an attempt to avoid foreclosure.

WCCO dug into the unpaid bills and shares why what’s happening states away may be playing a role in the mall’s bottom line.

As Bloomington’s Mayor, Tim Busse is well aware of Mall of America’s value beyond his city’s boundaries. But, as missed mortgage and property bill payments pile up, he told us he can’t help but question the future.

Read more at CBS Minnesota