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Evanston has been trying to reach a deal for a new privately-funded ice rink on the site of the city’s existing rink. Those prospects can’t be helped by a new report on what’s happened to such rinks in other suburban towns.

Crain’s Chicago Business today reports that finances underlying some suburban ice rinks are “slip sliding away.”

It reports that buildings in Romeoville and West Dundee financed with “sports facility revenue bonds” have gone into foreclosure, along with a non-ice facility in Barrington.

The only one of the projects that’s still current on its payments to bondholders is the smallest of the lot — the North Shore Ice Arena in Northbrook, which was financed with $8.5 million in bonds and $1.3 million in donations.

When last heard from, a discussion of the future of the Evanston project was postponed by the City Council back in October.

Top: A rendering of a Evanston ice rink proposed by a developer who estimated the project would cost $55 million.

Related stories

Suburban ice rinnk finances are slip-sliding away (Chicago Business)

New Crown Center project could be on thin ice (Evanston Now, 10/8/12)

Bill Smith is the editor and publisher of Evanston Now.

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3 Comments

  1. The Three proposals on the ice rink were non-responsive

    Remember all three proposals did not response to the city's bid, so Wally went off behind closed doors, in the beginning Wally was claiming this would be NO cost to taxpayers. Its  a huge mess we have spent several hundred thousand dollars on with no result, so whats new?

    Way back in the beginning I pointed out it could not be done tax free, how about a little common sense from public officials?

  2. Why are we still limiting this project to ice rinks?

    Can someone please review the layout/structure of the RecPlex in Pleasant Prairie, WI?

    we need an indoor field for soccer, etc., AND an Olympic sized pool. Also, where's our water park?

    1. Excellent suggestion

      Excellent suggestion re: the RecPlex. My sister lives in Pleasant Prairie, and the RecPlex truly is the community hub–and a well-outfiited one at that!

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