| Home Page : Archive News : April 2014 News : City: Despite Elgin auto mall foreclosure, land use still for car dealers | |
City: Despite Elgin auto mall foreclosure, land use still for car dealers | |
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April 18, 2014 "A KANE COUNTY JUDGE HAS ORDERED THE DEVELOPERS OF THE AUTO MALL OFF INTERSTATE 90 AND RANDALL ROAD IN ELGIN TO REPAY $23.3 MILLION OWED TO THE BANK WITHIN THREE DAYS OR BEGIN SELLING OFF SIX OUTLOTS VIA PUBLIC AUCTION TO HELP REPAY THE DEBT. RANDALL 90 LLC WAS IN FORECLOSURE ON THE AUTO MALL, WHICH ONLY HAS ONE DEALERSHIP. CITY OFFICIALS SAY ANY PROPERTY SOLD STILL MUST BE USED FOR A CAR DEALERSHIP." Source: http://www.dailyherald.com/article/20140418/news/140418287/ |
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