Part 1 – Willson on Lakewood SportsPlex & TIF Documents

After I finished looking at the Village of Lakewood’s documents concerning the SportsPlex and its Tax Increment Financing District documents, I asked bond analyst Steve Willson to do so, too. Below are his comments: Notes on the Lakewood TIF FOIA … Continue reading

Lakewood SportsPlex Gets 6 More Months to Get Financing by 4-3 Vote

Lakewood Village President Erin Smith had to cast a tie-breaking vote for ordinances giving McHenry County SportsPlex developers an additional six-months to meet their end of the deal struck with Lakewood. A year ago the vote was unanimous. In the … Continue reading

SportsPlex Second Bonding Authority Runs Out

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 … Continue reading

McHenry County SportsPlex Analaysis – Part 3 – Financials

Former Illinois Bell and Ameritech Director of Corporate Planning Joseph L. Daleiden who also served as Economic Advisor to the  Executive Office of the White House, Office of Management and the Budget during the Carter Administration, prepared the following report … Continue reading

McHenry County SportsPlex Analysis – Part 2 – Comparisons with Other Sport Complexes

Former Illinois Bell and Ameritech Director of Corporate Planning Joseph L. Daleiden, who also served as Economic Advisor to the Executive Office of the White House, Office of Management and the Budget during the Carter Administration, prepared the following report … Continue reading

McHenry County SportsPlex Analysis – Part 1 – Demographics

Former Illinois Bell and Ameritech Director of Corporate Planning Joseph L. Daleiden, who also served as Economic Advisor to the Executive Office of the White House, Office of Management and the Budget during the Carter Administration, prepared a report about … Continue reading

SportsPlex Bond Issuance Deadline to be Missed

A press release has arrived from Lakewood Village President Erin Smith about the financing of the McHenry County SportsPlex, which the village approved for the west side of Route 47 opposite the south leg of Route 176. Here it is: … Continue reading

SportsPlex Opponents Appeal to Attorney General’s Public Access Counselor

When the Upper Illinois River Valley Development Authority was meeting somewhere near I-80 was meeting to approve the bonds for the McHenry County SportsPlex in Lakewood, it didn’t seem like it was worth the time to drive down to see … Continue reading