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Algonquin's Planning Commission OKs Rentals for Riverside Plaza

The developer for the property has said he would not be able to sell condos in today's market.

Algonquin's planning and zoning commission on Monday OK'd developing high-end rentals instead of condos at Riverside Plaza, according to the Northwest Herald. 

The issue will next be discussed at the village's committee off the whole meeting on Aug. 28, according to the article. 

The developer for Riverside Plaza, John Breugelmans, . He has said he will switch the apartments back to condos when the market improves. 

The Northwest Herald has more on this story. 

Larry Miglore August 15, 2012 at 02:33 PM
How can we, as mere mortals, see what the "experts" could not/will not/do not see as a bad idea from the start. This will ALWAYS make any downtown master plan just a wish and not reality.
jeff August 16, 2012 at 12:52 AM
If they approve the video gaming they can make it the tyvek village casino!
Jim Dierwechter August 16, 2012 at 09:14 PM
I'm glad to see our tax dollars hard at work. This is going to end up being a bigger nightmare than it already has been. They should have just knocked the building down and left it for retail and parking.
Carole August 19, 2012 at 03:36 AM
I am so disappointed in the Village of Algonquin. They have proven that they have no concern for their residents at all. For them it is all about the almighty dollar. Not the town I moved into 20 yrs ago that is for sure. I would sell my house tomorrow if it were not for the fact that it is almost worth nothing now. It is a total shame.
jeff August 19, 2012 at 04:13 AM
Again: Great town horrible management!

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