Mall of America Said to Miss Another Payment on Mortgage Debt
- Shopping center has missed three $7 million installments
- Malls are struggling after coronoavirus shutdown, job losses
An indoor theme park at the Mall of America
Photographer: Emilie Richardson/BloombergThis article is for subscribers only.
Minnesota’s Mall of America missed another payment on a $1.4 billion mortgage, putting the borrower more than 60 days delinquent, according to people with knowledge of the financing.
The mall, one of the largest shopping centers in the U.S., didn’t make its roughly $7 million debt payment for June, according to the people, who asked not to be named speaking about a private matter. It was the third straight month of missed payments for the property.