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.
- Tax sales paid on Southbridge Mall
- Southbridge Mall owner sued for back taxes
- City officials: More than $177K in taxes, interest paid in relation to Southbridge Mall
- Ideas to re-purpose Southbridge Mall
- Southbridge Mall owner not paying back taxes because 'mall is failing'
- Most popular ideas to revitalize Southbridge Mall released
- Money owed by Southbridge Mall owner continues to skyrocket
- Southbridge Mall owner now owes more than $325K in back taxes
- Back taxes on Southbridge Mall not a burden on River City Renaissance project
- Southbridge Mall retail stores still seeing good Black Friday foot traffic