Al Boscov has made a six-figure donation to Scranton to make good on a loan tied to a struggling shopping mall.
Boscov gave a $715,173 check to the city's mayor, Bill Courtright, on Monday, saying he felt obligated to repay the city even though it wasn't legally required.
Boscov's payment covers the city's $612,480 loan for The Mall at Steamtown plus $102,693 interest.
A $1.8 million balance on the city's loan to Steamtown Mall Partners still hasn't been paid back. Boscov is a partner in that firm.
Boscov said negotiations continue on the mall's ownership with a bank-affiliated company that acquired it through foreclosure in July from Steamtown Mall Partners.
Boscov's, headquartered in Exeter Township, Berks County, is the mall's lone anchor tenant.
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