The city of Des Moines now officially owns an 11-story parking garage that s part of embattled project The Fifth, which was in foreclosure after the developers failed to pay a construction loan.
A $42 million purchase agreement was finalized last week, according to documents filed with the Polk County Recorder s Office. With this action, the foreclosure petition against the developers, brothers Justin and Sean Mandelbaum and their company, Mandelbaum Properties, has been dropped though legal wrangling over other, undeveloped land on the site continues.
The 751-stall garage, located on Fifth Avenue between Court Avenue and Walnut Street, was the first of three buildings, including a 40-story skyscraper and a three-story movie theater, planned for the landmark development.
1/20/2021
Looking fresh and healthy behind his University of Iowa facemask,
Marty Tirrell, who led a complicated life as a boisterous sports-radio host and a glib conman and who was an alcoholic and gambling addict who went from living the large life with the rich and notable to being homeless and penniless, was sentenced to 41 months in prison Wednesday by Federal District Judge
Stephanie
Rose.
He also was ordered to pay more than $1.5 million in restitution to eight victims. He was not fined.
He could have been sentenced to up to 20 years and fined $250,000, but 41 months is at the top of the federal guidelines for the mail fraud he pleaded guilty to. The government had asked for 60 months. He has asked to serve his time in a prison near his boyhood home in Massachusetts.
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