After struggling financially for years, the Joliet mall will go up for auction later this month and will start at $5 million. While the mall does have a decent occupancy rate, it has had financial issues and defaulted on its $85 million mortgage.

Joliet’s new mayor, Terry D’Arcy said, “I think it will be a good thing because whoever is buying the mall will likely have plans to repurpose it.  We understand the potential buyer is doing their due diligence. We hope this will spur new development in the area.”

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