Is Westgate facing foreclosure auction?Posted: Updated:
GLENDALE, Ariz. – In another sign of the still-struggling local economy, Westgate, the main entertainment destination in the West Valley, is facing foreclosure.
Its owners have been served a notice of trustee's sale. A spokesman for Ellman Companies, part owner of the Westgate development, says all parties are committed to keeping Westgate open.
Since it opened in 2006, a number of Westgate's stores and restaurants have closed but it remains a hub for West Valley residents, particularly on weekends or when the Coyotes or Cardinals are in town.
In a statement, Glendale's mayor called Westgate a vital piece of the local economy and maintains it'll be 'business as usual' as Westgate's owners sort out their finances.
Darcia Wagner, who lives nearby, says her daughter was let go from a shoe store at Westgate when it closed several months ago. "I'm surprised [by the financial problems] but then again I'm not surprised. There are a lot of empty buildings for lease and lots of apartments are still empty here," Wagner said.
No further details on the trustee's sale, or foreclosure auction, have been released.