Post by Windrunner on May 8, 2012 10:47:46 GMT -5
DELAVAN — It’s no secret that the sluggish economy has tied the hands of NRB Land during its six-year effort to develop the former Geneva Lakes Greyhound Track.
But even though the company in McHenry, Ill., doesn’t know yet what will happen with the property, spokesman Andrew Teegen knows one thing that won’t happen.
Teegen said the dog track, which was open from May 1990 through November 2005, would never open again as a gambling venue.
“Things had been pretty quiet, and then this springs up out of the blue,” Teegen said of a proposal that a Kenosha racing enthusiast began circulating in early April, one seeking potential Walworth County investors to revive an industry at the venue. “You would think that they would contact the property owner before doing something like this. It was kind of weird and out of left field, to say the least. But NRB never purchased that facility with the intent of bringing dog racing back.”
NRB Land is a development facilitator, specializing in acquiring, rezoning and improving properties for future development or redevelopment. It bought the former greyhound track property, at Wisconsin Highway 50 and Interstate 43, on March 31, 2006, for just under $8 million. It then purchased the adjacent property — giving it nearly 200 acres of land — in June 2006 for $6.5 million.
Teegen, the land development and acquisitions coordinator, said owners continue to seek the right combination of commercial, retail and/or residential developers or investors before presenting any serious plan to local and area government officials or stakeholders.
walworthcountytoday.com/news/2012/may/05/no-traction-dog-racing-plan-delavan-track/
But even though the company in McHenry, Ill., doesn’t know yet what will happen with the property, spokesman Andrew Teegen knows one thing that won’t happen.
Teegen said the dog track, which was open from May 1990 through November 2005, would never open again as a gambling venue.
“Things had been pretty quiet, and then this springs up out of the blue,” Teegen said of a proposal that a Kenosha racing enthusiast began circulating in early April, one seeking potential Walworth County investors to revive an industry at the venue. “You would think that they would contact the property owner before doing something like this. It was kind of weird and out of left field, to say the least. But NRB never purchased that facility with the intent of bringing dog racing back.”
NRB Land is a development facilitator, specializing in acquiring, rezoning and improving properties for future development or redevelopment. It bought the former greyhound track property, at Wisconsin Highway 50 and Interstate 43, on March 31, 2006, for just under $8 million. It then purchased the adjacent property — giving it nearly 200 acres of land — in June 2006 for $6.5 million.
Teegen, the land development and acquisitions coordinator, said owners continue to seek the right combination of commercial, retail and/or residential developers or investors before presenting any serious plan to local and area government officials or stakeholders.
walworthcountytoday.com/news/2012/may/05/no-traction-dog-racing-plan-delavan-track/
