Debt troubles cloud future of big suburban mall Debt troubles cloud future of big suburban mall The owner of Lincolnwood Town Center has defaulted on its $47.3 million mortgage and is contemplating restructuring its debts in bankruptcy. Debt woes are mounting for another local shopping mall: the Lincolnwood Town Center. The owner of the 423,000-square-foot mall, Washington Prime Group, is on bankruptcy watch and missed its January payment on the property’s $47.3 million mortgage. Complicating matters further, the mortgage matures April 1, and it’s unclear how Washington Prime will come up with the money to pay it off—or if it will even try.