Clipped From Chicago Tribune

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 - Naperville sells furniture factory NAPERVILLE...
Naperville sells furniture factory NAPERVILLE has been relieved of a "million-dollar "million-dollar "million-dollar albatross," officials officials said Wednesday after a developer developer bought a decaying furniture factory complex that the western suburb has owned since 1980. Naperville's plans to convert the vacant facility of the Kroehler Man ufacturing jo. into a city nail foundered foundered because of the cost. ."Now instead of spending money on it, maybe we can collect some reve nue," said Craig Blomquist, assistant assistant city manager. "It was a million-dollar million-dollar million-dollar million-dollar albatross," he added, referring to the price the suburb paid for the land. Warren Loveland of La Crosse, Wis., bid $1.2 million for the 6.5-acre 6.5-acre 6.5-acre site and expects to spend $13 million to build a residential residential and cortmiercial complex. r

Clipped from
  1. Chicago Tribune,
  2. 17 Jan 1985, Thu,
  3. Page 34

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