No Buyers Emerge for Rimrock Mall $580K Tax Debt After Deadline Passes in Billings

In the heart of Billings, Montana, the saga of Rimrock Mall's financial woes deepens as no buyers emerge for Rimrock Mall $580K tax debt after deadline passes.

Local officials express frustration over the ongoing delinquency that threatens this key shopping hub.

Yellowstone County leaders confirm that Kohan Retail Investment Group, the mall's owners, let critical payment dates slip by without action.

This leaves the property open to outside investors who could snap up the lien and start charging interest.

The oversight feels like a gut punch to the community, where the mall stands as Montana's biggest retail destination.

With over 60 stores including favorites like Dillard's and JC Penney, plus recent additions such as a local brewery and fresh eateries, the spot buzzes with potential.

Yet, the unpaid taxes—stemming from last year's halves—now balloon past $580,000 with added fees.

County treasurer insights reveal this scale of debt is unusually massive, dwarfing typical cases like delinquent hotels or high-end homes.

What a stark shift from the mall's vibrant updates, like new tattoo studios and performing arts spots that aimed to revitalize the area.

Tenants, including gallery owners, stay hopeful, focusing on daily operations amid the ownership storm.

They've seen crowds flock to spots like the 10-screen theater and food options from Krispy Kreme to local pizza joints.

But whispers of past power outages at other Kohan properties raise alarms about stability.

If unresolved by 2028, the county might seize and auction the site, a move that could reshape Billings commerce.

For now, shoppers and businesses press on, but the clock ticks louder on this local landmark's fate.

FAQ: What happens if no one buys the Rimrock Mall tax lien? How does the Rimrock Mall tax debt impact local businesses in Billings? What's the latest on new stores at Rimrock Mall amid the 2025 tax issues?