In a recent government meeting, discussions centered around a proposal from Alan Levitt of Mass Holdings regarding the vacation of a city-owned street in Waukegan. Levitt's company has offered $10,000 for the vacated property, a figure that raised eyebrows among city officials given the assessed value of approximately $30,000 and a market value estimated at $90,000.

Levitt defended his offer by highlighting the significant infrastructure investment his company plans to make, including paving the entire street with permeable pavers, which he claims would save the city around $1 million in potential costs. He explained that the permeable pavers would mitigate water runoff without the need for a retention pond, thus reducing the overall project expenses.

City officials expressed skepticism about the low offer, with some suggesting a counter-offer in the range of $40,000 to $45,000, while others advocated for sticking to the assessed value. The committee acknowledged the potential benefits of the development but emphasized their responsibility to secure a fair deal for the city.

The discussion concluded with a proposal to hold off on making a decision until further analysis could be conducted, allowing Levitt time to reassess his offer in light of the city's financial expectations. The committee plans to revisit the proposal in a future meeting, underscoring the ongoing negotiations between the city and Mass Holdings as they seek a mutually beneficial agreement.