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Burr Ridge trustees direct staff to negotiate sale of Village Hall with Goddard Schools
Summary
After presentations from Primrose and Goddard, trustees voted 5–0 on Nov. 10 to authorize staff to begin contract negotiations with Goddard Schools for the sale of Village Hall (7660 County Line Road); both buyers offered $2.7 million gross but differed on earnest money, broker fees and timelines.
Burr Ridge trustees voted unanimously Nov. 10 to direct village staff to negotiate a purchase-and-sale agreement with Goddard Schools for the village-owned Village Hall at 7660 County Line Road.
The board heard presentations from two prospective buyers — Primrose and Goddard — each offering a $2.7 million purchase price. Staff told trustees both proposals produce an estimated net revenue of about $2,565,000 to the village after customary adjustments; the board was not asked to accept a final offer tonight but to give staff guidance on which buyer to pursue.
Goddard’s representative, Craig Castle of Cushman & Wakefield, told the board that Goddard is not seeking a 5% real‑estate fee and that the village’s net revenue figure should therefore be reported as $2.7 million. “We are not asking for that,” Castle said when…
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