Visitor traffic at The Oaks Mall surpassed 2024 levels for June through September as new management works to boost the business following a foreclosure complaint issued by U.S. Bank.
The Oaks Mall owed U.S. Bank around $79 million when the bank filed its complaint, and the bank asked the Eighth Judicial Circuit to place the mall into receivership. The court agreed, and The Oaks Mall was placed into receivership in March 2025.
“The appointment of a receiver for the Property is reasonable and necessary for the protection of the assets and the rights of the parties in this case,” General Magistrate Katherine Floyd said in a court filing…