ONONDAGA COUNTY, N.Y. (WSYR-TV) — The Shoppingtown saga continues. Both sides have been doing battle outside of court.
On Tuesday, Shoppingtown announced it was filing for bankruptcy.
Onondaga County, who has been after the mall for millions of dollars in back taxes, responded by saying “Onondaga County has been anticipating this bankruptcy filing and we are prepared to fight on behalf of the taxpayers. Unfortunately, Shoppingtown has never made a good faith effort to resolve this matter.”
After filing for bankruptcy, the mall’s CEO said in a statement to NewsChannel 9, “We expect the bankruptcy court to treat the mall fairly and without any preconceived bias. The bankruptcy proceedings and recent appraisals will expose how the Town of DeWitt and Onondaga County have grossly over-inflated the assessed value of the mall for years.”
Shoppingtown mall remains the county’s largest delinquent landlord, owing nearly $10 million.
As the case sits open in court, Onondaga County Executive Ryan McMahon still hopes the mall will come through with a payment plan before the property becomes eligible for tax foreclosure in October.
Filing for bankruptcy will prevent the mall from falling into foreclosure while it is reassessed by the courts. Now we wait to see what happens when the two sides meet again in court in a few weeks.
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