Four years later, Hirschhorn's company, World Port LLC, has filed for bankruptcy in an apparent attempt to slow a foreclosure.
Tower 88 Co., Compass Bank and other lenders quietly began foreclosing last summer, when World Port missed payments. They are owed more than $13.5 million by the Fairfield, IA developer.
Art Seiden, a broker with Fuller and managing partner with Tower 88, spent several days before Christmas being deposed in an attempt to stop the bankruptcy.
But the week before Christmas, a judge gave Hirschhorn three more months to find financial partners and win creditor approval for his plan, which not only calls for the mall, but thousands of homes, and a giant Disney-like pavilion centered on sports, music and health. His plans also call for a golf course and a five-star hotel.
One prominent developer tells GlobeSt.com the plans are so pie-in-the-sky as to be laughable.
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