Some bad news for the Rushmore Mall in Rapid City.
Wells Fargo has filed a lawsuit in Pennington County, asking a judge to foreclose on the property.
According to court documents, the owners of the Rushmore Mall got a loan back in 2006 for $94 million.
Wells Fargo says the owners stopped making its payments.
The banking company says S.M. Rushmore Mall, LLC owes more than $100 million, even though the Rushmore Mall is only valued at $36 to $42-million.
We are continuing to dig into these court documents and will have more on KELOLAND News.