Georgetown Mall deadline passes; foreclosure in effect but 'pending litigation' raises questions
Few answers have emerged about the future of Ann Arbor's Georgetown Mall after the tax foreclosure deadline passed at 4 p.m. Wednesday.
The mall's owner - Harbor Georgetown LLC - didn't make the $512,000 payment required to stop the foreclosure of the shuttered shopping center on Packard Road.
Paula Gardner | AnnArbor.com
However, it's unclear whether there is a new deadline in effect for the property or other negotiations are under way.
Representatives in county Treasurer Catherine McClary's office confirmed the payment wasn't made. However, McClary wouldn't answer specific questions about the future of the property Thursday or today. In an email, she said "there is additional pending litigation."
Craig Schubiner, managing partner of Harbor Georgetown LLC, declined requests for interviews. In an email, he said, "We anticipate the property taxes will be paid by May 21."
McClary has said her office sought the tax forfeiture on the property based on unpaid taxes dating back to 2006 and 2007.
The property is valued at $4.6 million, based on its 2010 state equalized value.
A search of federal courts show lenders for the mall appear to be tied in a complex legal tangle dating back to 2007 and involving several lawsuits, countersuits and appeals in a Nevada courtroom.
No recent filing for Harbor Georgetown turned up in a search of Washtenaw County Circuit Court records.