Dixmoor seeks receivership to avert financial collapse
A Cook County judge weighs appointing a receiver as Dixmoor moves toward insolvency amid disputed leadership. A Lake Forest consultant warned finances are in disarray, with $210,000 owed to Harvey for water, $45,000 for dispatching, unpaid insurance and retirement contributions, a $268,000 fire truck, 35 percent tax delinquencies, and a looming 2 percent property tax rise tied to a $2.6 million village budget.
MENTIONED IN THIS ARTICLE
Star
Dixmoor
Cook County
Erick Nickerson
Sidney Jones
Lake Forest
Thomas A. Smith
Harvey
Graves
Lake Michigan
Thomas Rieck
Jones
Nickerson
Wisconsin
Toczyl
Kenzenkovic
Erty
Joseph Falica
Foster Wheeler to sell Robbins incinerator after losses
Foster Wheeler Corp will seek a buyer for its Robbins waste-to-energy incinerator after two years of heavy losses. The company will restructure debt and operate the facility up to two years or until a buyer is found, while pursuing litigation over Illinois Retail Rate Law repeal. The Robbins plant has caused multi million dollar pretax losses and attracted state and federal complaints.
MENTIONED IN THIS ARTICLE
Foster Wheeler Corp
Robbins
Foster Wheeler
Clinton
N.J
S. Kedzie Ave
Richard Swift
Swift
General Assembly
Mark Sterk
Rob
Patrick O’malley
R-Palos Park
Irene Brodie
Illinois
Jim Ryan
U.S. Environmental Protection Agency
Alastair Davie
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