SportsPlex Second Bonding Authority Runs Out

Blake Hobson explains the role of the Upper Illinois River Valley Development Authority to Crystal Lake Kiwanis in April, 2009.

First the December 31st deadline for the Federal Stimulus Bond authority ran out.

Now, the backup plan deadline has expired.

I asked Blake Hobson, McHenry County’s representative to the Upper Illinois River Valley Development Authority about the status of Lakewood’s McHenry County SportsPlex.

Here’s the reply:

The approval from UIRVDA was good for financing on the ARA and expired 12/31.

It is my understanding that to utilize any of URIVDAs bonding authority will require a new application and appearance before the UIRVDA board.

That’s not to say that the SportsPlex backers could not start over with the regional authority, but the first attempt is dead.

McHenry County Blog ran a critical analysis of the McHenry County SportPlex Friday, Saturday and Sunday:

McHenry County SportsPlex Analysis – Part 1 – Demographics

McHenry County SportsPlex Analysis – Part 2 – Comparisons with Other Sport Complexes

McHenry County SportsPlex Analaysis – Part 3 – Financials


Comments

SportsPlex Second Bonding Authority Runs Out — 1 Comment

  1. Lakewood needs commercial development and corresponding sales tax revenue, and land along Highway 47 is prime. But, the sportsplex plan was poorly constructed and quite conterversial. Hopefully village leaders will continue to selectively pursue opportunities — those that have merit at least.

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