Foothills Mall Misses Loan Payment, Set for Foreclosure
The 'new' 620,000 square foot Foothills Mall opened in 2015 after a major renovation, but it seems that COVID-19 has the mall missing loan payments.
The Reporter-Herald reports that the bank that holds the loan on Foothills says that the mall missed its October payment on their $145 million loan. About $47 million remains on that loan.
Many shops in Foothills have opened and later closed, since its 2015 opening; the COVID-19 pandemic, with 'stay-at-home' orders, didn't help their situation.
An accounting agency based in Greenwood Village will be in charge of the mall for the time being.
Get more on the troubles at Foothills from the Reporter-Herald HERE.
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