Updated: October 27, 2020 04:18 AM
Created: October 26, 2020 04:57 PM
Half of the troubled Burnsville Center is up on the auction block.
Bids opened at $7 million Monday for more than 500,000 square feet of space in the long-time mall. Stores like Macy's and JC Penny's are not part of the auction.
CBI Properties put half of the mall on the block as part foreclosure proceedings.
The city of Burnsville has been working to redevelop the mall, hoping to turn it from stores into a mixed use including a hotel, residential and office space.
"We are certainly hoping that someone will purchase the property and do great things with it," Regina Dean, Burnsville Assistant Community Development Director said. "We really wanted to have a vision in place so that when a developer or a series of developers are ready to do something different that we're ready to go that we make this property shovel ready."
The auction runs through Wednesday.
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