Two projects – a nine-hole golf course in Marshalltown and a marina near Pella – are faltering and will not be completed unless the ownership interests of the late Ed Boesen are transferred to other partners, according to a document filed Monday in the court proceeding for his estate.

An attorney representing R.K. Dickey Inc. and K&K Builders Inc. said in the document that Boesen’s interests have no value because the projects are in debt and will incur additional costs if they are to be completed.

The filing is the latest attempt to sort out the far-flung investments and financial dealings of the Des Moines businessman, who died July 15 in Davenport after ingesting a lethal dose of a non-prescription painkiller.

Claims totaling $25.4 million have been filed directly against the estate. In addition, banks and lenders have filed lawsuits seeking nearly $50 million in unpaid loans, with some institutions claiming that the funds were obtained through fraud.

According to the most recent filing, Boesen invested in the golf course through Boesen Marshalltown LLC. In addition to the golf course, the project includes a 36-unit townhouse development, with four units partially completed.

Contractors refuse to return to the site until they are paid for previous work. Pinnacle Bank filed an $833,466 claim in probate for a loan on the project, which is in default.

In addition, American Trust and Savings Bank is owed nearly $700,000, according to a filing for R.K. Dickey and K&K Builders.

The golf course was bought in June 2007 and has yet to show a profit. It will have an operating loss this year of $100,000.

Red Rock Lake Marina was being developed on leased land along the lake’s eastern shore by Boesen, R. K. Dickey, K&K Builders and two individuals. It had gross income of $3,000 in 2007 and will have an operating loss of more than $90,000 this year.

According to the probate filing, the project is $2.4 million in debt, including a $370,000 bank loan and a U.S. Small Business Administration loan of nearly $1.1 million.