Foreclosure future possibility for Road Ranger Stadium
Posted By Staff On October 6, 2009 @ 1:53 pm In Happening Now | No Comments
By Joe McGehee
Staff Writer
Foreclosures are not a new occurrence in today’s financial climate. However, this time it’s a local landmark facing a possible financial crisis.
According to WREX.com, Park Stadium LLC, owner of Road Ranger Stadium, has inquired about the possibility of receiving a five-year tax abatement from the Rockford School District.
The WREX.com report also stated legal counsel for Park Stadium LLC sent a letter to the school district warning that they and the community “stand to lose a resource” if the tax abatement is denied.
The Operations Committee for the school district will delay a decision on the possibility of a tax abatement until its November 2 meeting.
Article printed from The Rock River Times: http://rockrivertimes.com
URL to article: http://rockrivertimes.com/2009/10/06/foreclosure-future-possibility-for-road-ranger-stadium/
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