So far I have been turned down four times when I have asked for a copy of the baseball stadium feasibility study conducted by Mark Houser’s EquityOne company out of Libertyville. He and his buddy baseball promoter Pete Heitman have been on this scheme since

McHenry County Blog ferreted out the contract for this $70,000 study in mid-March.

In this September, 2006, document, the college trustees gave away control to the entire project to Houser’s Equity One.

Don’t think so?

Read this paragraph:

At the completion of the feasibility study and independent review, if the College elects to proceed with the project, the College will contract with EquityOne or it’s (sic) assigns to develop the project on the College’s behalf.

Here’s what else it contains:

1. Concept Planning, including “confer(ing) and confirm(ing) with Crystal Lake that the improvements will be approved.”
2. Revised Site Plan to show additional parking.
3. Revised Project Cost Estimate to include the cost of the additional land and improvements.
4. Revised Revenue Projections to include the additional revenue from leasing a portion of the land to another user group.
5. Revised Operating Budget to include the College’s cost to own and maintain the additional land.
6. Revised Cash Flow Analysis to reflect the additional income and expenses resulting from the additional land.
7. Revised Time Table to reflect any changes that may occur due to the acquisition of the additional land.
8. Summary: Analyze the preceding information to provide an opinion on project viability if additional land is included.

But, do we have a right to read the blueprint that appears almost certain to lead to $45 million in debt without any serious outside oversight?

No way.

It contains propriety information.

I have a modest suggestion:

Write a letter to the college and ask for the study.

To make it easy, I have drafted such a letter, which you can find here.

Frankly, I doubt many people will take me up on my offer, but the more MCC receives, the more likely the board is to release the study.