(West Des Moines, IA) — Another of the once popular Iowa shopping malls is in trouble. Valley West Mall in West Des Moines is under foreclosure. The Des Moines Register reports U-S Bank filed the action in Polk County district court last week, alleging the owners of the 47-year-old mall have not made loan payments since May 6th, 2021. The foreclosure petition says the owners owe the bank three-point-five million dollars. The bank has requested the court appoint a receiver to take control of the West Des Moines property and manage rent and loan payments, as well as order Valley West Mall to pay the remainder of its original loan.
