First Electric Newspaper Finds Potential Snag in Lakewood SportsPlex

Artist's conception of the view from Routes 47/176.

Yesterday, Pete Gonigam’s First Electric Newspaper reported on what could be called a “snag” in bringing a $40 million sporting complex to the intersection of Routes 47 and 176.

It “comes on the side of that group’s majority partner, McHenry Sportsplex EB-5 Fund LLC. The short version is investments in a Sportsplex may not be on the official approved list,” as the article says.

If you want to know more about what an EB-5 fund is and what restrictions on investment that the Chicago one does not seem to meet, click on over to the publication that covers the southeast part of McHenry County.


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