As the clock ticks toward the deadline on River Forest’s pool of development cash, the biggest proposal on the table — the development at Lake and Lathrop — is still a mystery.
River Forest has to commit its specially-designated development cash by the end of the year. But the board is still waiting for the Lake and Lathrop project’s developer, Keystone Ventures, to come to the table with a proposal for the project and a request for cash from the TIF fund.
After Monday night’s board meeting, Village President John Rigas said Keystone’s chief, Tim Hague, has requested to meet with him this week. Rigas had previously said the village was expecting to see a proposal sometime this week.
The village has roughly $5 million in cash left in the fund, and it’s also considering spending some of that development money on copy machines.
