MASON CITY | The owner of Southbridge Mall has paid part of his past property taxes — but still owes more than $200,000, according to records at the Cerro Gordo County treasurer's office.
Mike Kohan of Kohan Investments, Great Neck, New York, owner of Southbridge, did not respond Wednesday to emails and phone messages seeking comment.
MASON CITY | The owners of Southbridge Mall have paid no property taxes since purchasing the…
In October, records showed Kohan Investments, doing business as Southbridge Mall Realty Holdings LLC, owed $208,910 on four parcels where the mall is located.
Those taxes date back to September 2016, when the company purchased the mall for $1.5 million.
With tax sale penalties on two of the parcels, the total amount owed was $237,100. As of Oct. 30, Kohan paid $28,190 on the two tax sale properties.
The current amount owed as of Wednesday, Nov. 1, is $210,854, according to Cerro Gordo County Treasurer Patricia Wright.
"Now that the tax sales are paid, the company has the opportunity to make partial payments, in any increments, on the other real estate taxes," Wright said.