August 29th, 2018.
Client: Fox Valley Developers LLC.
Source: Chicago Tribune
“The development agreement with Fox Valley Developers LLC includes the city contributing as much as $3 million toward the estimated overall cost of about $12 million to clean up the site.
It also puts the city and the developer on track for a possible renovation of the former hospital buildings into a residence and care facility for seniors and individuals with special needs.
“We’re finally dealing with a property that has been a problem for a decade,” said Mayor Richard Irvin. “After decades of decay and delay, we are moving forward with a partner who will immediately improve the campus by removing the environmental hazards and toxic debris, so that the property can be completely redeveloped.”
Fox Valley Developers is a partnership with connections to Aurora.”