Even in the depths of a foreclosure debacle for their many and failed storefronts that line the Oak Park Arts District on Harrison Street, we hear more grandiose and nonsensical thinking from the family Kleronomos.
This River Forest-based family has been the great weight around the neck of the Arts District for decades as entrepreneurial artists have tried to rise between and around the gaping failures of the vast Kleronomos land holdings. This family owns seven commercial properties on the street. Some have been empty for decades. Some simply have their facades collapse.
When continued financial overreaching in the face of the real estate collapse shoveled all the sites into foreclosure in recent times, there was quiet exultation among those who care about the future of this street. Finally, it seemed the properties would be wrested from the family. Now, in what may be a final desperate lunge, the family has hired a commercial real estate broker to sell off the property, albeit with listing prices that are outrageous and stupid.
Ridding the arts district of the Kleronomos grip is vital. Foreclosure might do it. A private buyer might do it. But it must happen and soon.