February 2011 Archives

West Glen, the ambitious development between Jordan Creek Town Center and Interstate 35, is apparently in a heap of financial trouble, with a bank filing for foreclosure on two properties there to recoup a $30 million loan. It's too bad, considering what a sizable project the development is and how prominently it shapes many a visitor's first impression of West Des Moines. If nothing, though, it serves as a reminder that even highly successful investors and businesspeople can get themselves into a lot of trouble when they borrow too much money.