Iowa's Glen Oaks In Foreclosure

July 24, 2009

Glen Oaks Country Club, whose Tom Fazio-designed course is rated second best in Iowa by Golf Digest, is in foreclosure. So reports the Des Moines Register.

The club and the surrounding homeowners' association are in default on $7.7 million in loans and missed payments in May and June, according to the newspaper. It quotes a statement from the board president saying the club will remain open through a "reorganization."

Glen Oaks, the first gated community in the Des Moines area when it opened in 1991,  hosted  the Principal Charity Classic Champions Tour event last month.

-- P.F.