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  1. HRCollins
    Member

    Spatny -

    You mentioned that you proposed a running race to the P&R Department. What was your source of funding for the race? Would the race make money for department? Races are not inexpensive events. Police and Public Works overtime among many things. If it would make a reasonable profit for the effort I would hope the P&R Dept would host it.

    METRA also needs the money. Most it costs you to ride all weekend on METRA is $5. Not a high cost for the average runner. Doubt METRA would give up income.

    We need ideas to get people to stay in the town for the whole day - art fairs, baseball tournaments, etc. Then the visitors, hopefully, spend money in our stores and restaurants . . . but then you get residents complaining about the traffic.

    Posted Wednesday Mar 4, 2009 16:11 #
  2. HSimpson
    Member

    I know this is off-topic, but just wanted to clarify that bicyclists are required by law in Illinois to give an audible signal (eg: bell, horn, verbal announcement) before overtaking/passing others on sidewalks. The "on your left" is the most common method, but inevitably my brain tells me to jump left when I hear it instead of going right : ) Bikers are safer on the sidewalks, but pedestrians are safer with bikers riding in the streets ... I personally am glad that we have a choice in Riverside ...

    Posted Wednesday Mar 4, 2009 16:39 #
  3. spatny
    Member

    HRC - I was going to solicit sponsors via an outfit that stages these races all over - then use RBHS kids and others as monitors, the aux cops we have for the car shows, etc. ANYTHING takes some money, at least to seed it, but we always seem to have some money for things like the art fair, etc. Anyway, I've learned my lesson on that stuff after proposing four or five things as events for this burg. I still think we should have the 50/50 Rubber Duck Derby on the 4th of july though...

    Check these sites.... maybe we could do this with Metra to boost ridership and have it as an official "Save the Arcade" Fund Raiser. Spend the day on the bucolic Desplaines River, tour Riverside, and cheer your duck on... it works lots of places... Ducks could race from the Lyons Bridge to a line under the Swinging Bridge... Maybe the race could honor Johnny "Red" Kerr who was a helluva nice guy and probably would have loved it.

    http://www.active.com/framed/event_detail.cfm?EVENT_ID=1331341&CHECKSSO=0

    http://www.limeyinbermuda.com/photos/rubber_duck_derby/

    http://www.greenvilledailyphoto.com/index.php/category/events/rubber-duck-derby/

    This one shows how it is promoted in Fort Lauderdale...

    Posted Wednesday Mar 4, 2009 16:51 #
  4. Fred
    Member

    What exactly is "seed money?" It appears that the definition is "that which someone else will risk because I am not confident of my business plan." The race concept you keep bringing up. How much does it cost to stage (set up timing stations, check in participants, buy T-shirts, print race numbers, process applications, etc.) a sanctioned race $5k, $10k, $15k, $20k? Isn't this just putting more on the Village departments (Rec, Police, Fire Department, Public Works) with no off-setting revenue? Throw away comments like "just use Police auxilliary," show a complete naivette of the fiscal realities. How about the Public Works people who have to come in on overtime to do street closures? How about the Fire Department paramedics who have to be on standby? How about the extra Police officers who have to be on duty, as a matter of contract, when auxillairy officers are used? The age of Mickey Rooney/Judy Garland scripts where "Hey kids,let's put on a show" was the solution is over. In the end though you are probably right "hey kids, let's vote all the RCA candidates in and watch the show."

    Posted Wednesday Mar 4, 2009 18:33 #
  5. idic5
    Member

    catherine, I am clear on your point. People with bikes s/b very respectful of pedestrians anywhere they are.

    One point that I want to make clear - the ideas I expressed in this thread are mine only and do not represent any belief of another person or political party on the saving of the Arcade.

    Having said this, I like the duck race idea. It is cute and we're RIVERside - we have a River! We don't got much here, but we do got some water, and copius feng shui, man. Throwing 20,000 ducks in the drink and a bunch of families and people having some fun in the sunshine IS something that we CAN do that Lagrange and OakPark cannot do. It is an idea to start with. To do stuff you must think first - that is free to do. Maybe we can get corporate sponsorship to help with the costs - just an idea.

    What is one thing that was go-go in the 1930s? MOVIES. Judy Garland, Wizard of Oz, Mickey Rooney. Shirley T--

    Posted Wednesday Mar 4, 2009 21:01 #
  6. Catherine
    Member

    HSimpson, I too have that impulse to jump to the left! I am very disappointed to hear adults can ride on sidewalks. When I was a kid, it was a sign you were grown-up when you rode in the street, and folks in Chicago expected only children on the sidewalks. I am not in favor of promoting this activity as a bike trail.

    I hear someone tried to open a movie theatre at Henninger's. Cannot recall why it did not happen.

    Great ideas Spatny and idic.

    I think that when we become aware of who the people are in town, if any, who are trying to buy the building, it would be time for a letter-writing campaign to the bank.

    Posted Thursday Mar 5, 2009 08:07 #
  7. spatny
    Member

    Well Fred, as someone that staged hundreds of concerts - orchestra, band, choir, jazz - in all kinds of venues in perhaps 15 countries I would have to say you are not speaking accurately. Well organized and motivated volunteers are often very important - even critical - to the success of a promotion. First you need the idea - say, for instance, bringing air balloons to New Mexico. Then you need a place, an appropriate venue, that is eager and enthusiastic and that will commit to participating under clearly defined terms. I proposed a Concours'dElegance for the Village and Zoo, a weekend event tied to a Classic Car Auction to be held at the RBHS stadium. This is a field I know something about, having been both a collector and a promoter of such an event, and having once made a film of of one of the major people in that market. I gave both those to the EDC and never heard another word about it - maybe they are moving forward - I don't know. I resent your implications that what I mentioned in a sentence or two is naive or ill-formed. I think I would really like to speak with you about this face to face, perhaps clear up your understanding of what I meant. Or your attitude.

    For example, the Monterey Jazz Festival - an event I worked with for a long time - is a world-class three day event that draws about 20,000 people per performance, and is handled primarily by volunteers who serve as ushers, etc. We now have an "Arts Faire" or some such that was revived after I pitched the Village and the Chamber of Commerce about doing a Chalk-Fest event. I belive we start out paying a flat-fee to the "organizer" of $10K, and spend perhaps another $8-15K on it, and then purportedly break even or close after bringing in sponsorships. How these things normally work is that some person or group proposes an event, the ground-rules are set for who pays what - and what is required at a certain date, and then someone puts it together. An example is the Sept. car show - the Village and Chamber pitch in a little - a private party does most or all of putting it together, lining up the cars, publicity, etc., and it operates as a free event. I think that is actually a package of four events across the summer.

    I don't know what you are looking for from Village Government, but what I continually hear from people here is the desire to draw in visitors (or at least their revenue) and to foster "community". Do you do any of those things - I mean - I don't know who you are. I seem to hear mostly reasons why you don't like this or that. So tell us, what do you like, what do you think should happen here, what do you do? Personally, I like the parks and I raise money and donate myself for new trees. I pick up trash everyday - actually a lot of it. I advocate policies I think will help to maintain this place as an individualistic island of tranquility in a sea of bland mediocrity. I try and get the Village to adopt policies that respect the fact that Riverside is a different place and deserves to be maintained as such.

    I want more attention to be paid to maintaining our tree stock, planting now what will be wonderful to have long after I am gone. I don't have children so it is not for my kids I do this - but for all the kids that I want to find Riverside as great a place to live and grow up as I did. Toward that end I would like to see changes like having Forestry not under the PWD but report directly to the Village Manager. Perhaps unbeknownst to you I have on several issues been somewhat of a catalyst for an action later adopted by the Village, and I continue to make the case for things like park improvements and repairs to the river bank wall so that flooding would be minimized. I was, I think, among the first to hammer away for more transparency on village issues, filing FOIAs, hammering away to get some projects removed from public lands, not being easily brushed off when told something that didn't sound right. I have scores of meetings and asked questions in public, and I have often risen to compliment those responsible when they did something I thought was worthy of recognition, as I did two nights ago.

    I advocated for other candidates to run, and I like what I see. I like seeing a Candidate Forum that represents a real choice. I don't think being elected unopposed to the Board with 800 votes during elections when other issues on the ballot draw more than 3000 votes means you are the first choice or were given a mandate to do what you want. I don't think ANY of the most recent projects approved and built in this Village were good choices. Deleplaine, Burlington, the VC, the residential stuff on Ogden, even the Public Works Center are all suspect to me personally. Centennial Park is something that I think didn't need to happen in a tough economy, the water tower is nice but I fear there will be troubles with the QC of the finishing. The lighting will not be positive and I think will draw complaints from many, especially those who live in the area. The Burlington house purchase for a parking lot was ill-timed. The Arcade is a disaster and we need to act much more proactively to save it.

    I think many of the ideas and fumbling steps at imitating other communities have been a setback. I think people like Commissioner Lesniak and some of the members of the Board, even though intending to do their best, have done the Village a great disservice by creating incentives for and approving variances and projects that have brought poorly designed, over-priced projects where they don't belong. Just so you understand my viewpoint.

    Posted Thursday Mar 5, 2009 08:26 #
  8. spatny
    Member

    We are not alone. Here's what is happening with The Drake at Oakbrook:

    Wextrust receiver wants to hand back Oak Brook hotel to bank

    By Alby Gallun, March 10, 2009

    (Crain’s) — A court receiver plans to hand the Wyndham Drake Hotel back to its lender after determining that the 160-room property in Oak Brook is worth less than the $14.1-million loan secured by it.

    The Wyndham Drake in Oak Brook. Photo from CoStar Group Inc.
    The receiver originally wanted to try selling the hotel at 2301 York Road, one of about 10 local properties formerly controlled by Wextrust Capital LLC, a Chicago-based investment firm accused last August of running a Ponzi scheme. But that’s no longer a realistic option given that the hotel has lost at least a third of its value since January 2008, when Wextrust bought it for $20 million.
    The property is suffering from significant occupancy and room rate declines and isn’t generating enough cash flow to cover debt service and certain capital costs, according to a recent court filing.
    “After careful consideration by the Receiver and his professional advisors, the Receiver has determined that a sale or other transaction regarding the Wyndham Drake is highly unlikely to yield any return” to the property’s equity investors, says a document filed last week in U.S. District Court in New York. The receiver, Timothy Coleman, asks the judge to sign off on his decision to relinquish the property and another Wextrust hotel in Phoenix.

    A Wextrust affiliate paid $20 million for the hotel in January 2008, with plans to spend millions more fixing it up. It financed the project with $11.8 million in equity it raised from investors in 2007 and the $14.1-million loan from Birmingham, Ala.-based Regions Bank.

    The receiver had entered into a forbearance agreement with Regions that suspended debt payments through Dec. 31, but the bank declined to extend the agreement further, according to a court filing. The market value of the property is “substantially below the amount of the bank’s secured interest,” the filing says, without providing a number.

    A Regions Bank spokesman declines to comment, saying “we don’t discuss customer relationships.”

    The Wyndham Drake is forecast to lose $1.2 million this year, including depreciation and amortization, the filing (MEMO) says. The hotel also owes $250,000 in fees to Parsippany, N.J.-based Wyndham Hotel Management Inc., which manages the property.
    Wyndham declined to comment.

    Posted Tuesday Mar 10, 2009 19:09 #
  9. idic5
    Member

    I thought I 'd refresh this pre election thread for post election times.

    some thoughts were uttered here, related to this thread's subject, ....
    http://www.riversideinfo.org/forum/topic/reconciliation-and-progress/page/2#post-8787

    Fixing the Arcade, for example, DOES require money and asphalt. But that is not all. How to get to asphalt and how to find the money is the hard part. In that 5 page thread on the Arcade, for example, I tried to suggest that we need to help raise the profile of the town, to bring people here, to help attract a buyer. How to raise theprofile of the town? Let's all chip in with ideas. I said, for example, close the town for bikes for a day and vigourously advertise it to the 10 million people living in greater chicago. spatny said, have duck races on the river. I believe oneof he workshops during the TIF had some ideas presented, too, such as making a Riverside a zoo stop. maybe some entrepreneur might see the potential in the Arcade space? So it is A LOT of things that need to be done.

    Following Alex's idea of corp sponsorship of parks, How about corporate naming rights to the Arcade? Just asking, b4 u laugh. THe white sox did that at Comiskey Park, I mean, US Cellular Field. cd be some bucks? maybe there is some entity or corporation that might want to associate themselves with 'the (a) first model of the modern mall'? maybe they'll even help restore it? it has a class L desigation, it will be well worht it for them :) Have we vigorously looked at fed stimulus money, mortgage modification? The arcade restoration to me seems like a CCC effort, something that FDR wd have done.

    Posted Thursday Apr 9, 2009 15:26 #
  10. Catherine
    Member

    My present understanding of its status is this: the trustee has not actually released it to the Minnesota bank-related entity that bought the mortgage. We know the original loan was $2.8M, we do not know what the MN folks bought it for. Hence, it cannot yet be bought, nor do we know a price that would be accepted.

    There are still some folks in town interested in getting a consortium to buy and run it as a commercial building, others think we should look for govt money and put it to at least partial non-profit use.

    Posted Thursday Apr 9, 2009 16:04 #

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