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Judge places Marktplatz Mall in receivership

Upper Midwest Management Corp. appointed to operate mall during lawsuit

June 29, 2013

NEW ULM — The operation and ownership of the Marktplatz Mall had a shake-up this week due to a Brown County Court order....

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(5)

mnsotn

Jun-30-13 9:02 AM

I wonder who will serve jail time first for not following the judge's orders. (You and I both know that this won't work for them).

We know Randy and his shenanigans. Tell us, MallOwner, is it true that you guys end up in court quite often in your other communities?

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caring1

Jun-29-13 6:40 PM

management company should have been out of town.

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LJGibbs

Jun-29-13 4:11 PM

So there is currently no insurance on the mall? Liability or property damage? Isn't that a little risky if someone gets hurt and sues you? Good luck with your endeavors. New Ulm is a nice town and it would be nice to have full buildings downtown.

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MallOwner

Jun-29-13 1:30 PM

Again Josh, the accuracy of your article is in question. Yes NURD did request a receiver. No SEK/Danielson have not paid any taxes or insurance on the mall. Yes NURD did pay $51,000 in Taxes and paid all insurance premiums due up until April 2013 when the Insurance Co, cancelled the policy. The premiums paid by NURD covered the entire Mall, its 2/3rds and Danielsons 1/3. Danielson has refused to abide by the agreement drawn by your city attorney, and pay his share of expenses as per the agreement, including insurance. So NURD requested Arbitration as called for it the agreement. So far, Danielson/SEK has not provided any accurate accounting for the use of collected rents, so a receiver was appointed by the court so we can get bills paid and an accurate accounting. As stated a trial is pending.

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LJGibbs

Jun-29-13 9:16 AM

I would bet Judge Docherty had one heck of a migraine after listening to these guys...

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