Business & Tech
Mall Of America Wants To Borrow Money: Report
The largest shopping center in North America has been closed for eight weeks but plans to reopen June 1.
BLOOMINGTON, MN — The Mall of America is hoping to borrow money after it was forced to close amid the coronavirus crisis.
Mall officials asked state lawmakers about borrowing from its tax-incremental financing account, Senate Majority Leader Paul Gazelka told FOX 9 Friday.
Gazelka says the shopping center is not asking for "free money."
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"They're asking to use money set aside in a TIF account that they would borrow and pay back to get through this crisis," Gazelka told the news station.
The mall Thursday announced its decision to reopen retail stores effective June 1. The largest shopping center in North America has been closed for eight weeks, except for pickup.
Find out what's happening in Richfieldfor free with the latest updates from Patch.
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City officials from Bloomington and state Sen. Melissa Wiklund — who represents Bloomington — oppose the plan.
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