DES MOINES, IA -- On the eve of tonight’s historic live debate, the Mauro Senate Campaign released a new television ad titled “Not a Leader” to run on broadcast, cable and satellite TV statewide starting May 19th through June 2nd with a budget of $152,831. The new spot adds to the nearly $500,000 media spend currently running and is focused on Theresa Greenfield’s flawed business record and her campaign’s illegal signature forgeries from her 2018 run for Congress.
“There is a difference between saying you are sorry after the fact and taking responsibility when work is being done on your watch. When it comes to my business and my campaign - the buck stops with me. If Democrats are going to hold Donald Trump accountable for what people do under his administration, we should hold ourselves to the same standard.” - Democratic U.S. Senate candidate Eddie Mauro
The ad highlights the closure of Rottlund Homes of Iowa under the leadership of Theresa Greenfield who was President of the company at that time. During Greenfield’s fraught reign at Rottlund Homes, the company laid-off 2/3rds of their workforce defaulted on nearly $23 million in loans and ultimately closed shop in Iowa.
The ad also tells of how Greenfield, then President of Colby Interests (a local family property trust / real estate developer) forced a number of small businesses out of a property she controlled to make way for an Aldi’s grocery store. When the deal fell through, she raised rents and kept those same small businesses out of the locations they previously occupied.
In addition to Greenfield’s failed business background, the new ad also details how in 2018, when Greenfield was running for Congress, she failed to provide oversight of her campaign and ultimately submitted fraudulently collected signatures to get on the ballot. Greenfield signed an affidavit of candidacy along with those signatures. Campaign staff was ultimately charged with First Degree Election Misconduct, which is a felony, and 13 counts of tampering with records. Greenfield’s Campaign Manager was arrested, taken into custody and booked at the Polk County Jail.
FACT: Theresa Greenfield was the was the Director of Real Estate for Rottlund Homes from 2005-2007, and then president of Rottlund Homes of Iowa from 2007 until 2011. (Theresa Greenfield LinkedIn Profile)
FACT: Rottlund Homes closed down in 2011 after 38 years of operation. (BuilderOnline.com, Nov. 18, 2011)
FACT: Rottlund Homes defaulted on tens of millions of dollars in loan payments. Rottlund’s woes are tied to $85 million borrowed from three lenders in 2008: Bank of America, M&I Bank and KeyBank, according to the filing. The Nov. 10 filing says Rottlund has repeatedly defaulted on payments, has acknowledged it is insolvent and owed $28.5 million as of Nov. 1. (Finance & Commerce, Nov. 17, 2011)
FACT: Rottlund Homes laid off half of their employees located at their headquarters, and had cut two-thirds of their workforce in the last two years they were in operation. The company now has about 18 employees, Kahn said. That’s down about two-thirds from what the company told Twin Cities Business two years ago. (TwinCities.com, Nov. 16, 2011)
“Borrowers are insolvent and have laid off half of their employees located at the headquarters. … Borrowers are insolvent because the amount of its debts exceeds the value of its assets, and it has failed to pay debts as they became due,” said the court order the banks’ lawyers prepared for the receivership, an order Ramsey County District Judge John B. Van DeNorth Jr. signed Nov. 10. (Finance & Commerce, Nov. 18, 2011)
FACT: Theresa Greenfield has served as president of Colby Interest since 2012. (Theresa Greenfield LinkedIn Profile)
FACT: In 2015, Colby Interests forced local small businesses out of the Apple Valley shopping center at Windsor Heights in a failed attempt to bring Aldi, a German-owned grocery store, to the location.
Apple Valley is set to be demolished to make way for a new shopping center called Midtown Crossing. The project could stoke efforts to revitalize University Avenue in Windsor Heights, but it also will send longtime tenants looking for new locations.
Owned locally by Colby Interests, Apple Valley includes two strip mall buildings constructed in 1979 and 1984.
Tenants in the older west building include Golf Headquarters, Maria Grocery and Gift, Fitness Sports, and Windsor Clock and Watch. They must move out by Sept. 30.
“A lot of tenants were blindsided by the fact they were going to have to move,” said Gary Updegraff, owner of Golf Headquarters. (Des Moines Register, Aug. 12, 2015)
Colby Interests hopes to start construction next week on its backup plan for the rejuvenation of Apple Valley shopping center at 73rd Street and University Avenue, President Theresa Greenfield said. Rather than a wholesale clean sweep and reconstruction of the Apple Valley property as originally planned, Colby will launch a major rehabilitation that will begin at what Greenfield called the west building, a 22,000-square-foot structure that is located near the busy intersection. It is a building that Colby had hoped to demolish to make way for an Aldi's grocery store that would have served as an anchor for the shopping center. However, the city of Windsor Heights nixed that plan and Colby Interests moved on to plan B. (Business Record, May 11, 2016)
FACT: Theresa Greenfield was not allowed to be on the 2018 primary ballot for Congress after her campaign manager forged signatures on her first petition, and her second petition did not contain enough signatures.
Iowa Attorney General Tom Miller has advised Secretary of State Paul Pate not to certify Theresa Greenfield’s candidacy for the Third District congressional primary ballot.
“The statute envisions and requires that the original candidate fully qualify as a valid candidate. Theresa Greenfield never fully and properly qualified as a candidate since her first petition contained forgeries and her second petition did not have enough signatures,” Miller said in a statement. (Iowa Attorney General News Release, Mar. 28, 2018)
FACT: Theresa Greenfield’s campaign manager was charged with felony election misconduct and 13 counts of tampering with records. (Des Moines Register, Apr. 16, 2019)