http://www.riversideinfo.org/forum/ Discussion Forum for Riverside Illinois en Sun, 12 Feb 2012 19:42:29 +0000 http://www.riversideinfo.org/forum/topic/arcade-public-meeting-saturday-815-at-900-am-town-hall#post-10611 Wed, 16 Sep 2009 14:20:15 +0000 KimJ 10611@http://www.riversideinfo.org/forum/ <p><a href="http://www.landmarks.org/ten_most.htm" rel="nofollow">http://www.landmarks.org/ten_most.htm</a></p> <p>The Arcade is on the 10 most endangered list, not the watch list, which you link to above. </p> http://www.riversideinfo.org/forum/topic/arcade-public-meeting-saturday-815-at-900-am-town-hall#post-10609 Wed, 16 Sep 2009 14:09:49 +0000 CuriousResident 10609@http://www.riversideinfo.org/forum/ <p>Did the Arcade get dropped from the list?<br /> Or is this a different preservation group?</p> <p><a href="http://www.landmarks.org/chicago_watch.htm">Landmarks Illinois Chicagoland watch list 2009-2010</a> </p> http://www.riversideinfo.org/forum/topic/arcade-public-meeting-saturday-815-at-900-am-town-hall#post-10209 Wed, 19 Aug 2009 08:45:52 +0000 Catherine 10209@http://www.riversideinfo.org/forum/ <p>Landmarks Illinois presentation:</p> <p><a href="http://www.riverside.il.us/vertical/Sites/%7BFF0B0056-4ACF-4890-985A-29B8374E9BEE%7D/uploads/%7B6A378A22-1B74-4E1E-ABE0-9F1B749C1EE5%7D.PDF" rel="nofollow">http://www.riverside.il.us/vertical/Sites/%7BFF0B0056-4ACF-4890-985A-29B8374E9BEE%7D/uploads/%7B6A378A22-1B74-4E1E-ABE0-9F1B749C1EE5%7D.PDF</a></p> <p>Preservationist Aberdeen's presentation:</p> <p><a href="http://www.riverside.il.us/vertical/Sites/%7BFF0B0056-4ACF-4890-985A-29B8374E9BEE%7D/uploads/%7B6A7E3877-1101-4757-BBC9-F3A94BD3B30F%7D.PDF" rel="nofollow">http://www.riverside.il.us/vertical/Sites/%7BFF0B0056-4ACF-4890-985A-29B8374E9BEE%7D/uploads/%7B6A7E3877-1101-4757-BBC9-F3A94BD3B30F%7D.PDF</a></p> <p>Both have a great deal of knowledge and assistance to offer any buyer. The real estate broker, representing his client, also was there to take questions. He seemed a very decent guy and it was good he showed up.</p> <p>Questions and answers, I think you can imagine what they were. Most were for the real estate guy. In response to questions about the unlikely asking price, he said things move slowly as his client is a bank. He pointed out the original price and pointed out the 500K Wextrust put in. I believe he understood the asking price is unlikely nonetheless, but noted his client is a bank and banks have processes that move slowly.<br /> He said the client will do what needs to be done to protect the building in winter if necessary.</p> <p>Of interest was he said that at this asking price and the estimate for build-out, he tells prospective buyers the retail space on 1st floor would have to lease for $18-22 per square foot. He seemed dubious about the upstairs. (By this, it can be seen the asking price must go down. I believe these are Chicago-level rates.)</p> <p>One resident proposed tearing it down for a parking lot. He was serious. The reaction caused him to leave immediately thereafter. Other proposals included offices upstairs, use of the building in a British Home fashion, and a bed and breakfast.</p> <p>The question was raised of a teardown. The broker said the economics would not support it as the building is worth more than the land. Preservation described the process for teardown of a landmark, how hardship had to be proven in a court of law and it would be a few years-long process.</p> <p>One resident said the carrying costs should be raised by village government, i.e. the owner should be ticketed for every violation. (This can be done daily.)</p> <p>There was general agreement to an artists' competition to make more beautiful the exterior spaces of the building now boarded or Tyveked. This would relieve us and also assist the sale.</p> <p>One resident suggested formation of an LLC of residents (and interested parties) in which anyone of any means could buy shares. (Spearheading is still lacking in such an initiative.) </p> http://www.riversideinfo.org/forum/topic/arcade-public-meeting-saturday-815-at-900-am-town-hall#post-10208 Tue, 18 Aug 2009 17:06:31 +0000 mrt 10208@http://www.riversideinfo.org/forum/ <p>any news from this meeting? I was out of town. </p> http://www.riversideinfo.org/forum/topic/arcade-public-meeting-saturday-815-at-900-am-town-hall#post-10184 Fri, 14 Aug 2009 09:38:27 +0000 Catherine 10184@http://www.riversideinfo.org/forum/ <p>Suburban Life says a rep from the selling agent L&#38;M will be there on behalf of the owner, as well as Preservation Commissioner Aberdeen Marsh-Ozga and someone from Landmarks Illinois, which has the Arcade on its 10 most endangered list. Some speaking, some asking and answering of questions, some brainstorming. </p> <p>I heard after the Budget Input meeting that there has been a "bona fide" offer on the building. </p> <p>Tomorrow morning, Sat, at 9. No word on whether coffee is supplied, so I'm guessing no. </p> http://www.riversideinfo.org/forum/topic/arcade-public-meeting-saturday-815-at-900-am-town-hall#post-10057 Fri, 31 Jul 2009 14:58:45 +0000 mrt 10057@http://www.riversideinfo.org/forum/ <p>Arcade Building Public Input Meeting<br /> Friday, July 31, 2009 2:54 PM<br /> From:<br /> "riversidenewsflash@riverside.govoffice2.com" &lt;riversidenewsflash@riverside.govoffice2.com&gt;</p> <blockquote><p>A public input meeting will be held on Saturday, August 15 at 9:00 a.m. in Room 30 of the Township Hall, 27 Riverside Road.</p> <p>The meeting is intended to foster a dialogue in the village about the current state of the Arcade Building, as well as give residents an opportunity to discuss possibilities about the building's future. Residents are encouraged to come with questions they have about the status of the building, as well as their thoughts about how to help ensure the building remains a vital part of the village.</p></blockquote>