Foreclosure fight over Lake and Lathrop keeps development stalled, EDC told
At a River Forest Economic Development Commission meeting, staff and participants described ongoing foreclosure proceedings tied to the Lake and Lathrop property and said the judge set a September 15 hearing; commissioners heard that contractor liens may exceed the property's value, complicating any sale.
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The River Forest Economic Development Commission heard an update on the Lake and Lathrop property’s court proceedings, where discovery remains active and the court has scheduled the next hearing for September 15. Staff member said, “The judge directed all parties to come back on, September 15 for additional hearings.”
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