Bad news about West Glen

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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.

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This page contains a single entry by Brian Gongol published on February 3, 2011 11:00 PM.

The myth of the "cookie-cutter" suburb was the previous entry in this blog.

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