ShoDeen developer says land swap officially dead
DeKALB – A land swap proposal between DeKalb School District 428 and ShoDeen Construction officially has been scrapped, the Geneva-based developer said.
ShoDeen President Dave Patzelt said his company no longer is considering trading 33 acres near DeKalb High School for the 41-acre Kiwanis Park park property that District 428 owns near Huntley Middle School. It also means the school district would have to begin paying the developer $42,000 a year starting later this year – a debt the district incurred when it bought land for DHS.
“We took a pause or rest several weeks ago at the request of the school district, where the school district wanted to have some discussion with [DeKalb Park District],” Patzelt said. “But ShoDeen and the school district have agreed to separate. ShoDeen will not be involved any longer.”
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