Reports: Palisades Center Misses Mortgage Payment

In what could be a bad sign for one of the largest malls in the country and Rockland taxes in general, Palisades Center has reportedly missed a payment on its $389 million mortgage this month. That’s according to the Journal News. RCBizJournal.com reported the company was also seeking a buyer. Orangetown supervisor Teresa Kenny says the entire county will feel the pain if the mall can’t turn it around…

Palisades Center could not be reached for comment. The mall opened in West Nyack in 1998.

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