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Creditors come after Palisades Center mall in court, seek foreclosure. What's at stake

Summary by Ground News
The Palisades Center faces foreclosure and could be sold off. The mall is overdue on repaying a $418.5 million mortgage it took out in 2016. The town recently valued the property at more than $518 million, but EklecCo has challenged that assessment.

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LohudLohud
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Creditors come after Palisades Center mall in court, seek foreclosure. What's at stake

The mall's creditors want the 2.2 million-square-foot property put in receivership then put on the auction block. Here's what the future could hold.

·New York, United States
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  • 100% of the sources lean Left
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Lohud broke the news in New York, United States on Friday, February 17, 2023.
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