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Old Chicago - Bolingbrook, Illinois

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Author Topic: Old Chicago - Bolingbrook, Illinois  (Read 8551 times)
Desolate Angel
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« Reply #150 on: May 09, 2011, 12:56:50 am »

Arena Auto Auction Inc., a Chicago subsidiary of companies in Nashville and Britain, would erect two buildings totaling 110,000 square feet on 47 acres of the Old Chicago site, which it has purchased from IC Industries of Chicago. The sale price of the land parcel was not disclosed.

One building would house a showroom and auction block for the vehicles for sale, which Kolodziej described as surplus late-model used cars, industrial trucks, recreational vehicles and new cars returned to factories due to incorrect orders. The other building would house a service garage.

Kolodziej said the necessary board approval would take 30 to 60 days. At that time, according to the plan, the village would annex the 80 acres for future economic development. Kolodziej declined to elaborate, but estimated that the first phase of the project would be completed by the end of November. The 500,000-square-foot Old Chicago complex was completed in 1975 amid expectations that Bolingbrook`s continued fast growth would bring prosperity. But the partnership that had built Old Chicago filed for bankruptcy protection the next year.
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