STREAMING NOW: Watch Now

Tax sales paid on Southbridge Mall

Some of the concerns many people have with the River City Renaissance Project stem from the past due property taxes owed by the owners of Soutbridge Mall, but according to the Cerro Gordo County Treasurer's Office, the owner is taking positive steps to fix that.

Posted: Nov. 1, 2017 11:24 AM

MASON CITY, Iowa- Some of the concerns many people have with the River City Renaissance Project stem from the past due property taxes owed by the owners of Soutbridge Mall, but according to the Cerro Gordo County Treasurer's Office, the owner is taking positive steps to fix that.

Those we spoke with at the Treasurer's Office say the owners of the mall wrote a check for around $28 thousand to pay off the tax sales on two parcels of land where the mall sits.

They say this will allow for the owners to start making payments on the property in increments. They say the owners do still owe around $208 thousand dollars in past due, but those we spoke with say they are happy the steps are being taken.

"If they have the sales tax certificate that's good because they are an intricate part of the whole plan," says Bob Swanson of Clear Lake. "They need to be owned privately so they can deduct the taxes in the future."

Mason City Residents will be voting on whether or not they want a leasing agreement with the mall owners on November 7th.

Article Comments

Mason City
Clear
60° wxIcon
Hi: 68° Lo: 47°
Feels Like: 60°
Albert Lea
Clear
55° wxIcon
Hi: 63° Lo: 48°
Feels Like: 55°
Austin
Clear
61° wxIcon
Hi: 70° Lo: 50°
Feels Like: 61°
Charles City
Clear
59° wxIcon
Hi: 71° Lo: 47°
Feels Like: 59°
Rochester
Broken Clouds
59° wxIcon
Hi: 68° Lo: 47°
Feels Like: 59°
Tracking slowly clearing skies today and temps returning to normal.
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Chris' Forecast 5/22

Image

Teachers Display Posters

Image

Teaching kids the importance of farm safety

Image

Lourdes High School students help write book

Image

Patriot Tour roars through the area

Image

Mayo Civic Center transition meeting

Image

Olmsted County looks at mandatory vaccinations

Image

New Bike Share program in LeRoy

Image

High winds cause concerns for drivers

Image

Device that forced evacuation of Rochester police precinct was not explosive

Community Events