A
DuPage County Forest Preserve commissioner says it might be time for the
district to abandon its 12-year legal fight to forcibly acquire a golf course
in northwest Naperville.
The
district's push to buy Country Lakes Country Club suffered a setback this week
when the Illinois Supreme Court ruled that the $10.7 million sale price set by
a jury four years ago isn't valid because it was based on a 1999 appraisal. The
supreme court determined the price of the 204-acre parcel south of Diehl Road
and west of Route 59 should be based on its current value.
Attorneys
for Country Lakes' owner Robert Krilich Sr. say they believe the value of the
golf course is at least $20 million. Now forest preserve commissioners must
decide whether the district still wants to buy the property. If the district
abandons its effort to acquire the land, it would be legally required to pay
all of Krilich's legal fees for the past 12 years — nearly $1 million.
Still,
forest preserve Commissioner Michael Formento said Friday it might make sense for
the district to cut its loses.
“All
we've done is racked up legal expenses on our side,” Formento said. “It would
seem to me that more litigation is probably something I'm not interested in,
particularly if we did a new appraisal and it came in at that $20 million
number.”
Formento
noted the forest preserve would get back the $10.7 million it set aside after
the jury's 2007 verdict. The district got that money as part of a $75 million
referendum voters approved in 1997 so it could buy land.
Formento
said the forest preserve could use the money to buy land “more important than
golf courses.”
When
the condemnation proceedings started in 1999, one of the district's long-term
goals was to own a course in every corner of the county.
Commissioner
Roger Kotecki says other reasons the forest preserve wanted the land include
stormwater retention and preserving open space in the southwest corner of the
county.
“Those
reasons were good reasons then, and frankly, they're all still good reasons
today,” Kotecki said.
Kotecki
questioned whether another trial in 2012 or 2013 would result in a jury finding
that Country Lakes' value has significantly increased.
“The
market for real estate is depressed,” he said. “There would be a good chance we
get it for less than $10.7 million.”
Kotecki
said the district might have to get a new appraisal of the property “just to
make an intelligent decision.”
If
Krilich's attorneys are right and the land is worth more than $10.7 million,
Kotecki said the district could borrow money or dip into landfill reserves to
make up the difference.
“We
could raise the money if we decide it's worth that much,” he said.
Commissioner
Linda Painter said the forest preserve board may need a closed-door discussion
before deciding how to proceed. “There's going to be a lot of decision-making
that needs to happen,” she said.
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3. The business plan for the vacant site
informally vetted by Mr. Krilich with the mayor and two
other
city officials could provide the hard cash the government seeks.
Under
that plan, Mr. Krilich would give a hotel chain free rein to
convert a three-story, 72,000-square-foot office building and adjacent banquet
hall, both of which have stood largely empty for the past seven years. He would
sell 30 acres to develop about 600 apartments, another 30 acres for a nine-hole
golf course and about 400 condominiums and the remaining 20 acres to a discount
retailer.
Mr.
Krilich reportedly is in discussions with Michigan-basedMeijer
Inc. to build a discount store along Butterfield Road.Meijer is
already planning its first Chicago-area store in southwest suburban
Bolingbrook, and is considering other regional sites, a spokesman says. At this
point, an Oakbrook Terrace deal is still speculation, he adds.
Plan
draws hostility, skepticism.
But Mr. Krilich's development plan has
elicited hostility from some Oakbrook Terrace residents - and open skepticism
from real estate brokers.
Alderman
Joe Flanagan blasts Mayor Kallas for meeting secretly with Mr. Krilich to
review development proposals and for promoting more construction in an already
overbuilt area.
"It's the last piece of operable land for our
city," he says.
"It should be done right. I'd like to
see a lot of open space devoted to it."