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Salisbury Mall auction delayed

By Emily Ford
eford@salisburypost.com
It looks like another delay for the sale of the Salisbury Mall.
Mall owner Sam Spiegel of Deerfield, Fla., told the Post Tuesday night that the auction set for today has been postponed until February.
Attorney Kevin Donaldson, the substitute trustee, did not return a phone call from the Post. Donaldson would need to file paperwork with the Rowan County Clerk of Courtís Office to delay todayís sale, as he did in December.
As of Tuesday morning, the clerkís office had received nothing.
The mall went into foreclosure Nov. 9 after Salisbury Mall Associates LLC, owned by Spiegel and his wife Simone, defaulted on the loan. The Spiegels owe $19.7 million on the note.
The mall, located at the intersection of Jake Alexander and Statesville boulevards, would have gone on the auction block today for a 10-day upset bid process.
The 24-year-old shopping center remains open for business. Merchants urged customers to support the mall during the holiday shopping season and said they plan to continue operating under new ownership.
Sam Spiegel previously told the Post that he and his wife would like to remain involved in the operation or ownership of the mall.
Contact reporter Emily Ford at 704-797-4264.

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