Jefferson Mall faces foreclosure as new documents reveal financial struggles

LOUISVILLE, Ky. (WDRB) — Jefferson Mall's future is in question as new documents reveal it owes millions of dollars on the property.

A recent filing of the fourth quarter report with the Securities and Exchange Commission shows CBL Properties is in discussions with the mall's lenders to either foreclose or transfer the mall to another company or person.

The report shows the mall owes nearly $49 million on the property. In 2022, it was valued at just under $35 million.

In a statement, a CBL Properties spokesperson said, "We are in discussions with the lender, but those discussions have no impact on the operations at the mall. It is business as usual."

The company also said it will cooperate with the foreclosure, or if the property is transferred to a new owner to satisfy the debt.

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