Mortgage-holding bank buys Fort Steuben Mall

Local officials were optimistic Thursday the new owner of the Fort Steuben Mall will breathe new life into the facility that opened for business in 1974. The U.S. Bank, as a trustee for the lenders who held the mortgage note for the mall, was the only bidder at the foreclosure auction Thursday afternoon in U.S. District Court in Columbus and will pay $ 10,333,333 for the mall.

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