Sosin Arnold & Schoenbeck
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Developers say the Homewood Village Board's decision to OK an ordinance disconnecting the Calumet Country Club from the village should allow them to dismiss their lawsuit. Activists opposing the development say dismissing the case would violate their rights.
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In emergency hearing, a Cook County judge questioned the need for action to block a settlement deal that both sides considered 'binding,' though it is opposed by anti-redevelopment activists. The Homewood Village Board is expected to consider its next move at a meeting April 13
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The village of Homewood conceded the developers held the legal upper hand, and agreed to settle to preserve some measure of control over the project, and position themselves to reap economic benefits.
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A Chicago real estate tax and valuation lawyer filed a sworn statement in Cook County court, asserting a plan to redevelop the Calumet Country Club could boost local tax takes by $2.8 million annually, while dropping property tax bills by hundreds
