Thursday, January 5, 2012

The old courthouse - what's the real deal?

Have you been trying to figure out what's really going on in the deal for the old courthouse building, located on the Woodstock (Ill.) Square?

It's a nice old building, and it could have been a terrific dining experience in the past to sit in one of the old jail cells to be served your bread and water. Service was never really that great, but then the video machines were put in. Anything for a buck; right? Well, that was then. And this is now.

The Courthouse Grille tried to make a go of it, but they got hammered at least twice - once when the City twisted the owner's arm over a $5,000 utility bill that was for a period before she took over the restaurant (I think the deal was, "You pay this bill or you don't get a liquor license") and, secondly, when she found that she owed another $200,000 for a previously-undisclosed lien on kitchen equipment.

The Courthouse Grille closed and the restaurant portion of the old building sat empty, even though the sign remained out front. Leaving the sign up was probably an attempt to make the restaurant appear to be "closed" at the time, not out of business.

Woodstock residents (voters) and property owners (taxpayers) are due a full disclosure on the transaction for this building. And in terms that can be understood.

For example, what is the real, total cost to the City (so far) on this deal?

Purchase price just prior to the sheriff's sale "on the (new) courthouse steps"? Or are such auctions held inside now? At the County's Government Center or actually on the steps of the property being sold?

Appraisals, inspections?
Legal fees?
Staff time?
Property taxes owed to McHenry County to the date of sale?
Estimated legal fees to seek abatement of (how much in) taxes? (Will legal fees exceed ultimate tax savings?)
Assumption (forgiveness) of any amounts owed to the City of Woodstock? How much?
Settlement of mechanics' liens on the building or contents?
Estimated legal fees to draft and negotiate new leases with the tenants? (When are the expiration dates of current leases?)
Preliminary estimates of repairs, maintenance, replacement of major systems in the building?

Because the City now owns this building, the public is entitled to all these answers.

Why don't the media report actual dates of such events as
1. the date that the Ganschows originally purchased the building
2. the date that Centralia Investors became the owner of the building
3. the date when the City of Woodstock began negotiations to acquire the building
4. the date when the City of Woodstock purchased the building (November ?, 2010)

The City hopes to find a buyer who will spend his money to fix everything that is broken in the old building. We all know that affects the offer on the building. What parts of the building are contaminated by mold, if any? What will remediation cost?

Is there anyone around with a deeper enough pocket to get the City off the hook soon?

5 comments:

yagottabekidding said...

The owner of the Courthouse Grille got hammered twice alright. Once by the owners of the building who didn't pay their bills and once by the previous owner of the restaurant who didn't pay their bills. She probably saved money by not hiring an attorney who could have found all these items and told her to run away real fast.

Anonymous said...

I think you should venture out of the blog biz and open up your own "Choke & Puke" restaurant in the old courthouse. I'm sure you'd just be beaming if you had the opp to serve Nygren some vittles while he sits in a cell! DOH!
On the AM dial this morning, I heard the makeup of "Cowboy Sushi"... a gurkin pickle with cream cheese wrapped in Buddig meat... sound tasty!

Gus said...

What downtown Woodstock needs is a restaurant with good food, good service and reasonable prices. And a little "atmosphere."

Rents "downtown" make that impossible. Is it true that the asked rent for the space formerly occupied by Harvest Moon is $10,000/month? No wonder the space is empty!

I was in the Marengo Cafe yesterday. It's worth the drive. Nice hometown atmosphere. Good food. Friendly service. Clean and bright.

Anonymous said...

I have a special place in my heart (I mean gut) for IHOP in McHenry. The manager there named Sam is great, and server Norma is too. All-you-can-eat pancakes... I'm sure they groan when they see my fat girth coming! DOH!

Karen30036 said...

There was a comedian that joked about IHOP ... to rid yourself of poor body image, or self esteem, you need not work out or diet, just eat at IHOP. There's always someone there that outweighs you by 100 lbs. If not, congratulate yourself on being the fattest slob at the pancake house.