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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Apr 19, 2025

Page

7

Foreclosure Auction Set After Failed Debt Restructure

GreenState Federal Credit Union moved to foreclose on property tied to Marc Moen and multiple defendants after yearlong talks failed. A summary judgment was granted and a sheriff's sale order issued, though sale date remains unset. Parties involved include Central Park LLC The Chauncey LLC Plaza Towers LLC Iowa City Health Club LLC Hills Bank and Trust and individual lenders.

GreenState Marc Moen Michael Moen Robert J. Jett Monica Moen Central Park LLC the Chauncey LLC Plaza Towers LLC Iowa City Health Club LLC

Foreclosures hit downtown Iowa City mixed use Chauncey

Properties bought individually foreclosed in downtown Iowa City affecting Plaza Towers and 70 units at the Chauncey while FilmScene operations remain largely unaffected. The 15 story Chauncey opened in 2019 after tax incentives and a legal challenge. Debts total over 19.8 million with Green State holding a first mortgage.

Green State Betsy Potter The Iowa City Down Chauncey FilmScene Iowa City the Chauncey Plaza Towers Bread Garden Market Coalition Against the Shadow Iowa City Council Iowa Supreme Court

Iowa property tax reform faces questions amid slow pace

Republican leaders Rep. Bobby Kaufmann and Sen. Dan Dawson defend a broad property tax reform plan as Iowa lawmakers delay decisions to study impacts on local governments and households. Proposals would cap growth, offer exemptions for veterans, and create credits, while critics urge fiscal analyses and caution that residential relief remains unclear.

Bobby Kaufmann Wilton Dan Dawson Council Bluffs House Senate American Legion of Iowa Common Good Iowa Mike Owen Kaufmann The Gazette Jennifer Konfist Windsor Heights Konfist Pat Grassley New Hartford Grassley Dawson R-Wilton Iowa Capitol Tom Barton the Gazette

Also Mentioned on This Page

Business Impact Iowa City Properties Coalition OF the Plaza Central Park Iowa City Health Club Jared Strong Megan.woolard Thegazette.com Green State Credit Union Old Capitol Building E. Washingto Iowa E. Burlingtor E. College E. College St Park E. Washington St Starbucks E. Burlington St Gazette Map Nick Rohlman Common Good Owen State General Fund Tax Foundation Tom Barton Thegazette Rep
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