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City takes steps to buy land
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City takes steps to buy land
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Newspaper Article
City takes steps to buy land
2006
Overview
[Tom Schwab] said he has had discussions with [Ali Yasin] regarding a possible land swap, allowing him to move to a nearby parcel owned by the agency in exchange for the city getting his property at Barton and Michigan. Yasin also would be offered cash compensation as part of the deal, Schwab said. Yasin could not be reached for comment. Two weeks ago, [Jo Stringfield] submitted her own shopping-center plan, similar to [Dennis D. Jacobsen]'s, that includes a Lowe's. Instead of a grocery store, she is proposing an office-supply store, a Best Buy and a pet store, Schwab said. [C. Robert Ferguson] refused to say whether Stringfield would accept the city's $760,000 offer. Schwab said she rejected a $1,010,000 offer from Jacobsen last year. Ferguson would not say whether Jacobsen had made such an offer.
Publisher
Tribune Content Agency LLC
Subject
