First the December 31st deadline for the Federal Stimulus Bond authority ran out.
Now, the backup plan deadline has expired.
I asked Blake Hobson, McHenry County’s representative to the Upper Illinois River Valley Development Authority about the status of Lakewood’s McHenry County SportsPlex.
Here’s the reply:
The approval from UIRVDA was good for financing on the ARA and expired 12/31.
It is my understanding that to utilize any of URIVDAs bonding authority will require a new application and appearance before the UIRVDA board.
That’s not to say that the SportsPlex backers could not start over with the regional authority, but the first attempt is dead.
McHenry County Blog ran a critical analysis of the McHenry County SportPlex Friday, Saturday and Sunday:
McHenry County SportsPlex Analysis – Part 1 – Demographics