The Village of Matteson has officially entered the mall business.
An agreement has been reached to transfer ownership of Lincoln Mall from New York businessman Michael Kohan to Matteson.
Village leaders initially asked a judge to shut down the 700,000 square-foot mall due to 25 violations that they said created dangerous conditions threatening shoppers' health, including exposed electrical wiring, a dismantled sprinkler system, blocked fire exits and a crumbling roof.
According to a news release, Matteson has reached an agreement with a real estate developer to market the property to new owners.
- Matteson Mall Gets Court-Appointed Receiver
- Judge Gives Mall Owner One Week to Fix Violations
- Matteson Officials Sue to Close Lincoln Mall
Village president Andre B. Ashmore says elected leaders will work with the developer to "identify a new owner who is not only willing to invest in the mall, but to be a strong partner with our community."
Forty stores remain open inside the mall, including a Carson Prairie Scott department store.