The Harvard Motorola campus.
The Motorola plant in Harvard is on the block again.
Still empty, but no surprise there.
Starting bid is $2.7 million
A screen shot telling of the auction that will take place from April 19th through April 21st.
Here’s the link.
Isn’t the starting bid less the MCC is talking about spending?
The Roundabout proposed in the next post is more expensive!
What does that tell you?
Two years after the video below was shot, things haven’t changed all that much.
https://youtu.be/SEm7nOrMjQw
MCC is proposing a roundabout?
Motorola is building a brand new plant and they are already hiring.
They don’t need that old yucky building no mo.
State and Federal and local officials should give tax breaks and incentives to companies that have to be paid back to taxpayers if they leave before a certain time.
Otherwise it is a scheme.
Absolutely correct.
>> Motorola is building a brand new plant and they are already hiring.
On what planet do you think that is true?
No where in the USA, that is certain.
Not either one of them!
Google buys Motorola for $12 B than takes it out back and executes it, selling the carcass for $2 B to the Chinese.
Shrewd business.
In China’s defense for the dumb purchase, they weren’t sure if they had or hadn’t stolen any of the remaining technology.
Tell your Pols to try collecting those Tax Credits from their Chinese counterparts.
Harvard should grab this building under eminent domain and call it even for scamming the taxpayers.
Honest Abe sure doesn’t understand eminent domain!
Pat?
I have inside info on that.
I am not at liberty to say exactly where right now.
How could Harvard afford to maintain it?
It would make a great minimum detention facility.
Right, Cal.
Plus, if Harvard were to buy it, that would take it off the tax rolls – not that anyone’s paying the taxes on it now anyway.
Too bad you can’t move the whole complex to the IL 20, I90 interchange.
I met a traveller from an antique land
Who said:
To Honest Abe:
I’m sorry, but I must disagree with you in a most fundamental way.
First, it’s not the business of a local city council to speculate in real estate with our property taxes.
Real estate development is one of the riskiest asset classes in the investment world.
(Of course, when they do it, City councils don’t call it “real estate speculation”; they call it “economic development”.
(But as your namesake is commonly rumored to have said,
)Second, the track record of all governments, local and national, in these types of ventures is abysmal.
If it were not, then we would all be socialists.
How about a new location for valley hi!
As tempting as it may sound to take this over for MCC or Valley Hi, the loss in taxes that could be collected would not be advantageous to taxpayers.
Google bought Motorola Cellular division then sold it to the laptop division of a Chinese company named Lenevo.
The Harvard location was part of Cellular and was decommissioned prior to the sale to Google.
Is this Cindy’s inside info?
http://www.chicagotribune.com/suburbs/elgin-courier-news/news/ct-ecn-moto-pub-st-0925-20150924-story.html
Insofar as Valley Hi, we need to sell it, not move it.
Relative to MCC as soon as I see the placement of portable classrooms (and using them) maybe I would start thinking about more construction.
Until then, let MCC do what all the remaining residents have had to do – learn to do more with less.
No Questioning.
That is not where I heard this tip.
On the other hand, I may have spoken too soon.
Looks like they want out of the whole business.
http://www.chicagotribune.com/business/chi-motorola-solutions-buyer-20150402-story.html
OMG that is so old news.
Yes, Greg Brown has sold off all he can to prop up the stock price.
Even the campus and corp. jets.
Trouble is, he is left with such a slow growth business that no one wants it.
As for Elgin, that is just moving part of what is at Schaumburg to there.
The Galvin Center and some small manifacturing, so they can redevelop the campus in Schaumburg.
As for the Google purchase, it came with 3 billion in cash, and they sold off other parts, so their real “cost” was some 5 billion, which they felt was an ok price for the patents they needed to protect Android.
This building would be best if it was razed and turned either into a farm field or prairie area.
Manufacturing of electronics will always be done in Vietnam, China, and other Asian countries due to the cheap labor and lack of labor laws.
I can not see a major company buying and moving out to Harvard in the 1,000 years or longer.
Basically, this was a very poor decision by Motorola and rather than trying to hope another major company buys the building.
It should be torn down.
Since the building has been vacant for 16 years.
I believe this was the number of years Steve Reick mentioned in his video.
It will more than likely need a lot of repairs.
If a tenant like MCC purchased this building.
Given that the MCC trustees are balking at the cost of maintaining/servicing a small addition to the current building.
The cost of maintaining and servicing the Motorola building would be so huge and astronomical it would be a COMPLETE WASTE OF TAX PAYER DOLLARS…
Pat?
Wasn’t serious.
Please don’t comment on that.
I am just playing the game that Questioning wanted to play.
How can it be old news if the auction is from April 19 – 21, 2016.
This building has always been for sale.
It is a tragedy that it can’t be sold to a manufacturer- the building is beautiful.
Just because something is a big building, does not mean it can be retrofitted for another purpose.
to thin that a manufacturing facility can become a nursing home is laughable.
The cost of maintaining this building was $50,000 Plus a week I believe with the cost of heating and cooling to keep the integrity of the building.
It hasn’t been owned by Motorola for several years. It may be referred to as that but Motorola sold it to a private investment company in 2008.
So – all of the theories about why Motorola is selling are inaccurate. *shock*