Elburn Station vote won’t come soon

By AL LAGATTOLLA - alagattolla@shawmedia.com

Created: Wednesday, September 19, 2012 5:30 a.m. CDT

ELBURN – No vote will take place on the Elburn Station project until at least Oct. 15, and one village trustee Monday night expressed concerns about the “financial validity” of the builder.

Trustee Bill Grabarek urged fellow trustees to consider tabling the issue, saying he had concerns abut Geneva developer ShoDeen. Grabarek spoke about a foreclosure lawsuit the developer is facing in which Bank of America is seeking nearly $40 million.

“There could be a credible argument put out there to table everything … until we have information about the financial validity of the Elburn Station project,” Grabarek said.

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