Wednesday, March 10, 2010
In attendance: residents; Alderman Matt Bogusz
What the City Council would like to do with the Sim’s Bowling property...
Background
Midwest Bank owns the property.
The City of Des Plaines made the only offer.
The majority of the City Council voted to buy the property for around $800,000 for a property that was worth $2 million two years ago.
TIF1 is the only district that is solvent—others are in the red.
In the past budget battle, the subject of the city’s bond debt was discussed, and determined to be too high.
Tax bills are going up in Des Plaines.
The city just eliminated 38 employees from the payroll.
The State of Illinois is cutting back on money allocated to the city by $1.3 million.
The property comes with a $40,000 back-tax bill.
It would cost $100,000 to tear down the property, backfill and pave the lot.
The bowling alley has been gutted and scavenged, and would cost at least $600,000 to make it usable again.
City staff were tasked with finding a way to pay for the property
The adjacent TIF property was not showing a profit, and funds had to be transferred from TIF1 to TIF2. Fund are no longer available in TIF1.
The city will issue a bond debt to be voted upon at the March 15 City Council meeting.
Where the City Council stands
For: Haugeberg, Higgason, Robinson
Opposed: Argus, Bogusz, Wilson
Undecided: Brookman, Walsten
Mayor is in favor of purchase.
Resident Input
Q: How much will be bond be?
A: $900,000 not including the cost to demolish the building and convert the land to a parking lot.
What is the reason the city wants to buy the property?
The Council feels the development of the Kinder property did not maximize its potential, and doesn’t want it to happen again.
Pearson to River is now not as desirable because the corner lot is occupied.
The entire strip is viable, but many properties exist between Midwest Bank and the Heritage.
Q: Are we going to start a new TIF?
A: No.
Q: Who in the Economic Development Commission is pushing this sale?
A: Mike Conlon, Director of Community Development, identified the property sale as something the city should look into.
The property can’t be sold to developers with a dilapidated building.
A level lot would be more desirable to future developers.
What is the best-case-scenario for this purchase?
The economy will improve.
The strip where Sim’s sits will be purchased at a profit to the city
The land will be converted to mixed-use.
The properties will be profitable.
Q: Is the prospect of the casino what Aldermen who are in favor of the Sim’s purchase are hoping will generate interest from developers?
A: No.
Q: When will TIF1 expire?
A: 2021
Miscellaneous comments from residents
If it’s the land the city wants, then they should buy the land and not the building.
We should let the bank continue to own the property and maintain it.
We’re all going to have to pay for it eventually.
We shouldn’t use TIF to make a hole in the ground but rather to improve the neighborhood as TIFs are designed to do.
Stores that are eventually built on the Ellinwood strip won’t fill up anyway as shown by the Metropolitan Square development.
What residents can do
Residents should think about how this purchase will help us or hurt us if we do it.
Residents with opinions about the purchase should attend the March 15 meeting.
Residents who live in the Wards where aldermen are undecided, should make their opinions known to them.
Residents can e-mail comments to Matt Bogusz.
Summer 2010 Bike Race in the Villas
Alderman Wilson and the Mayor are in favor of this new event.
The Villas are a good location if the residents buy-in to the idea. There are logistical problems, and if the residents don’t want it, the event won’t happen.
The free event is being organized by a non-profit cycling organization.
Residents on the inside loop will be free to come and go during set windows of time during the race.
Potential benefits
Street improvement will need to take place to make the course safe for cyclers.
Charitable donations will be made from the proceeds of the event.

Alderman Matt Bogusz