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Proviso Probe

Wednesday, August 31, 2005

the Roos building appraisals

The Forest Park Review (Seth Stern) is on the case.

Developer Patrick Wangler wanted Forest Park to pay $3.75 million.

The appraisals came in much lower. It's worth $1.3 million as industrial property and $2.3 million as residential. I was an industrial property, but had temporary permission to be developed as residential. The permission to develop it as residential property expires September 27, 2005.

BZ to Seth Stern for getting this info. This should put pressure on the Village Board to negotiate aggressively.

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