Imperial Investments Bids on Old Jail, Parking Lot
Rick Tollefsun, owner of Imperial Development, asked the city to deed the Old Jail to him in exchange for funding a $250,000 renovation project.
A downtown developer has bid to purchase two downtown properties, including the Old City Jail, from the city of Yorkville. Rick Tollefsun, owner of Imperial Development, asked the city to deed the Old Jail to him in exchange for funding a $250,000 renovation project. His proposal was the only bid for the Old Jail, 111 W. Madison St. Tollefson said his intention is to use the building for private purposes, but wants to include a museum dedicated to the city’s history. He told city council his goal is “to preserve as much history as he can.” Tollefson was receptive to Ward 4 Alderman Diane Teeling’s suggestion she would like to hear the opinion of the historical society on the proposal. He also said he was open to finding out if the building…
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The Fighting Fox
10:15 am on Friday, November 30, 2012
I could care less about the building, but I do care about giving away publicly owned real estate to a developer for what seems to be substantially less than "fair market value". Especially when 3 of 8 sitting Aldermen work for the man who owns the development company. more ›