What improvements would you like in Yahoo! Finance Message Boards? Please send us feedback.
Message Boards Settings West Bancorporation, Inc. (WTBA) - Quote Info
Here comes $4.00... this is UGLY     24-Jul-09 09:48 pm    
len Oaks Country Club, golf course in foreclosure
BY TOM WITOSKY • REGISTER STAFF WRITER • JULY 24, 2009
Read Comments(53) Recommend(9)Print this pageE-mail this articleShare

Glen Oaks Country Club — including the 18-hole championship golf course — is in foreclosure.

West Bank filed foreclosure papers against the club today, saying Glen Oaks Golf Club and Glen Oaks Owners Association had defaulted on loans totaling $7.7 million.



The country club missed payments due in May and June, according to the lawsuit, which asks for a sheriff’s sale of the property.

A statement by Ray Stewart, chairman of the club's board of directors, said: "Glen Oaks is in the process of reorganization. During the reorganization, there will be no interruption of service in Glen Oaks Country Club operations."

The lawsuit indicates the golf course, clubhouse and pool are part of the foreclosure proceeding.

No residential properties are included in the lawsuit.

The 18-hole championship golf course was designed by course architect Tom Fazio. It opened in 1995. The course was the site of the Principal Charity Classic, a PGA Champions Tour event, last month.

Glen Oaks Residential Community and Glen Oaks Country Club was formed in 1991, when a group of 10 investors converted 532 acres of farmland into the first gated housing development in the Des Moines area.

The entrance to the clubhouse features a 26-foot ceiling and a three-story circular staircase. Stone fireplaces, hardwood floors, and brass chandeliers were selected to enhance the country estate atmosphere.
Rating :
 (No ratings)
Rate it:
awful/not related to \pooraveragegoodexcellent

j_comes


View Messages

Ignore User

Report Abuse

< Previous Message |   Next Message >
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Messages in Topic

Minimum rating: What's this?
  Subject Author Rating Time of Post (ET)  
 
Here comes $4.00... this is UGLY
j_comes Not rated 24-Jul-09 09:48 pm  
 
two years too late?
erichplace Rate it 30-Jul-09 10:10 am  
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

West Bancorp., Inc. (WTBA)

Chart for West Bancorp., Inc. (WTBA)
At 4:00PM ET: 5.16 Up 0.10 (1.98%)
Symbol Lookup