There are financially failed buildings. Some combination of circumstances makes it chronically difficult to make the revenues and expenses come near to balancing. Maybe the spaces became obsolete. Too much debt was piled on. 

One such building is 230 Madison St. A two-story office building from the 1950s, mimicking a California motel style with exterior stairwells, fake stone façade, and a beauty only visible to fans of what has become known as Midcentury Modern.

A year or two back the park district, with its headquarters right next door, bought the building. Now it is applying for a demolition permit as it clears the way for a parking lot.

We’d like to object but can’t quite get up the energy. Yes, a property off the tax rolls. Parking is not an exciting use. But this building had no future because it had no present purpose.

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