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the_archfiendThings became heated during a board meeting between the (Lincolnwood) EDC (Economic Development Commission) and (North Capital Group owner Jake) Weiss on Sept. 13. Among the concerns by the EDC was marketing material it received from North Capital Group that stated the redevelopment would have 18,700 square-feet of retail space, which is less than half of the 40,000 square-feet Weiss promised to deliver. There also were two other issues regarding the overall construction of the building as well.
Information regarding the dispute found on the village’s website reads:
“While formal plans have yet to be submitted to the Village, members of the Economic Development Commission have received current marketing material for the site which raises concerns whether the retail element promised for the project is now being significantly diminished.
A concept site plan now being utilized to market the property, for instance, now identifies only 18,700 square feet for retail space in this development. Further, this new concept site plan being used to market the site, also replaces a multi‐story rotunda‐style building that was prominently shown on the cover of previous material provided the Village, with a single story 2,400 square foot drive‐thru facility at the very apex of Lincoln and Touhy. And to the west of the hotel building, the previously shown 40,000 square foot free‐standing retail building, is now shown in more recent marketing material, as only 10,000 square feet of retail.”
While no resolution was agreed upon at the end of the meeting, Weiss signed a tough agreement with Lincolnwood. Village officials can demolish the structure at 4500 Touhy Ave. if certain milestones or initiatives are not met.
Although I'm not willing to parade back and forth across the street from that derelict mess wearing a "I told you so!" sandwich board quite yet, my guess is that a whole lot of people on the EDC or the Village Board who were snowed by the entire "40,000 square feet" lie are now awaiting the arrival of their very own gross of "KICK ME!" signs.
