A press release from the Crystal Lake Park District about a 27-acre property in Lake in the Hills across Ackman Road from Lakewood’s Lou Malnati’s Pizzari proposed for purchase:
The Crystal Lake Park District Board of Commissioners is excited to announce that after a lengthy and exhaustive search, a contract has been executed to purchase 27 acres of property at 8917 Ackman Road for future development.
This purchase is being made without the need of additional tax dollars from Park District residents.
Upon successful completion of a due diligence period, the purchase will become final. The due diligence process is expected to take approximately 6 months.
With land values still low, the Park Board believes a purchase of this nature without the need of additional funding through a referendum during the down economy will benefit the residents of the Crystal Lake Park District for generations.
Potential development of the property based on a 2010 community attitude and interest survey may include a Community Recreation Center and an outdoor aquatic facility.
Park District Director Jason Herbster told me that when District officials starting looking at the location three years ago, the price was $1.7 million.
The price the Park District has agreed to pay is $625,000.
You can see the Caldwell Banker listing for the property below:
Possibilities for use of the land is for a swimming pool and community center.
I congratulate the Park District on buying this parcel for less than half of what MCC just paid per acre for their 20 acre purchase.
The next obvious questions are: how much will the whole pool and recreation center cost and where will the Park District get that money?
If they need a referendum to pay for the improvements and if such a referendum fails, is not the purchase a waste no matter what it cost?
Something else we DON’T need.
From the day I moved in to Crystal Lake, thirty-nine years ago, I said that the park district had too much money.
park district better put in turn lanes or a light, or adjust the location of the entrance because its gonna be a major dilemma there.