PEARLAND, Texas - A huge development that was supposed to feature 44 presidential busts has apparently "gone bust."
Many people have probably seen six of those statues of former presidents along State Highway 288 in Pearland.
That was supposed to be the site of the Waterlight District, a mixed-use development featuring restaurants, shops and condominiums.
But the developer says the project has been put under foreclosure. The developer says that the bank is unwilling to extend its loan.
The busts are scheduled to be moved out of the Pearland field on Tuesday morning and stored until a permanent spot can be found.
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