Tribune Looking at Lakewood SportsPlex EB-5 Financing

This morning I played photographer’s assistant on Pleasant Valley Road. I held up the remote controlled flash. Antonio Olivo is doing a story on things immigration, including the financing of the Lakewood SportsPlex complex with EB-5 “buy a visa” program … Continue reading

ALAW Presents County Board Votes on Federal Stimulus Bonds

The Alliance for Land, Agriculture and Water has made votes by McHenry County Board members up for election available to the public. So, if the local newspapers didn’t ask the question you think is important, you might find some direction … Continue reading

Lakewood Explains SportsPlex

You will remember that details about the McHenry County SportsPlex have been dribbling out a little bit at a time. Some residents have been upset enough to distribute a broadside, which I publishes here. (We found it after coming back … Continue reading

Investment Bank Announces Commitment to SportsPlex, If

Yesterday, McHenry County Blog showed you the letter from the Chicagoland Foreign Investment Group saying that it would raise $27 million “for construction and operation of the (McHenry County SportsPlex” sports facility complex to be constructed in McHenry County.” That … Continue reading

So, You Want to Know More about the Lakewood SportsPlex?

Here’s the first of a series of article that Pete Gonigam has written for his First Electric Newspaper. It’s entitled, FEN Finds Possible Problems for Proposed SportsPlex You can read about and see the Prairie Grove maraschino cherry processing plant … Continue reading

May Letter Outlines $5 Million in Direct and Indirect Lakewood Financial Assistance to Sportsplex Developer Lou Tenore

Approved unanimously by the McHenry County Finance and Audit Committee this morning, the proposed $40 million McHenry County Sportsplex comes with $5 million worth of strings to Lakewood taxpayers, including $1 million to buy the land on Route 47 and … Continue reading

$18 Million Federal Stimulus Request for $40 Million Route 47 & 176 Lakewood Recreational Complex on County Board Finance Committee’s Agenda Tuesday

Headed by Lake in the Hills’ Louis Tenore, Jr., a group of investors is seeking permission to obtain $18 million in Federally-subsidized stimulus money, according to a document posted on the McHenry County Board’s web site. The proposed McHenry County … Continue reading

Crystal Lake Scores Low Interest Rate in Bond Sale

Crystal Lake borrowed a little over $22 million at unheard of low rates last night to finance Vulcan Lakes and water and sewer projects and re-financing of 1998 bonds. Utilizing Federal stimulus-subsidizes, the city will end up paying just 3.062% … Continue reading

McHenry County Government Stimulus Loan Money Tapped Out

The McHenry County Finance and Audit Committee voted to allocate the last of the $18,338,000 in Federal Stimulus bonds for governments to the City of McHenry and the Village of Fox River Grove. With $10.6 million already allocated to Crystal … Continue reading

County Board Committee Set to Award $15 Million in Bonding Authority to Baseball Stadium Tuesday

Toot, toot. Or is it, “Hoonk, hoonk?” That train speeding down the track is the one delivering authority for the Woodstock baseball stadium developer to use $15 million in Federal Stimulus Bonds to finance their proposed stadium. The beneficiary of … Continue reading