Rushmore Mall facing foreclosure after $100M in unpaid loans
June 29, 2018, Rushmore Mall in Rapid City is facing foreclosure because of $100 million in unpaid loans. In May, the company who owns the mall, SM Rushmore Mall LLC, defaulted on its payments. In addition to financial issues, the mall recently lost Sears and Fuddruckers, and Herberger’s is set to close.
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