What is up with all the spending on parking spaces, e.g. the $261K purchase of 61 Burlington and the bricking of Centennial Park? Does anyone know of new businesses coming in at the Arcade or VC? There seems to be plenty of parking unless something new is planned.
Riverside Info » About Riverside
Why all the new parking spaces?
(5 posts)-
Posted Thursday Aug 23, 2007 09:37 #
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For Condo-row, of course. That's the new kick, they will come to at today's meeting. Pack 100-200 condos into town and make it a bedroom community for commuters and collect those property taxes. The condos are supposed to lure in service businesses. Burlington and Pine and east side of First and the Masonic Lodge are the targets. That's the only way they see to obtain more revenue. Maybe a Chinese car dealer at the corner of Ogden and Harlem when they start to pour in. Oh, and annex Riverside Lawn and put in a bunch more condos there. Retail won't be attracted at high rents to a low traffic area as Riverside is now. Ideally, they'd like commuters that don't have cars to move in and ride the train. Of course, Riverside becomes something else, but that's a small matter. This is about PROGRESS.
Posted Thursday Aug 23, 2007 11:59 # -
$261k?
www.zillow.com says...
61 E Burlington St Riverside IL 60546
3 beds, 2.0 baths, 1,269 sq ft;
ZESTIMATEâ„¢: $354,493Posted Thursday Aug 23, 2007 23:56 # -
Excuse me, 63 E Burlington, sale price 230K. I can't remember the last time I saw a house in town for those prices.
How are they planning to have these properties acquired and redeveloped now that they don't have the TIF they claimed was indispensible to this effort?
As to ED:
Posted Friday Aug 24, 2007 09:29 # -
from the latest landmark...
Village Manager Kathleen Rush said that the village would likely close on the property at 63 E. Burlington St. within 60 days. The sale price on the home, a one-story, white stucco raise ranch, is $230,000. Also at Monday night's meeting the village board voted unanimously to issue general obligation bonds in the amount of $325,000 to pay for the purchase and other costs associated with it, such as demolition.
http://www.rblandmark.com/main.asp?SectionID=1&SubSectionID=1&ArticleID=2893&TM=65306.7
The village received a good deal on the property according to zillow below. My recollection on this property is that the owner died relatively recently and the heirs did not want to retain the property.
Here is the zillow info on that property.
ZESTIMATEâ„¢: $326,697 What's this?
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Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value.
Learn moreThe Value Range is the high and low estimated market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table Value Range: $287,493 - $398,570
30-day change: $3,770
Last updated: 08/08/2007Posted Friday Aug 24, 2007 16:57 #
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