Wednesday, November 04, 2009
Daily Herald | Bankrupt Neumann Homes sues towns to return impact fees
Daily Herald | Bankrupt Neumann Homes sues towns to return impact fees: "Neumann Homes Inc., which had been one of the 10 largest homebuilders in the Chicago area before filing bankruptcy last year, has sued more than two dozen municipal governments on a theory that, if valid, could be another hit in already-depressed local budgets.
Neumann, based in Warrenville, sued towns including Antioch; Naperville; Kenosha, Wis.; and Aurora, Colo., to get back impact fees, according to documents filed in U.S. Bankruptcy Court in Chicago."
This photo shows what they left behind in the subdivision close to my house. They wrecked a huge natural landscape and left it looking like the moon. Then they went bankrupt. Antioch had to fix bad drainage problems, plow snow, etc., and they are in huge budget trouble (see my post above). Now Neumann is suing for their impact fees. From where I sit, Antioch should be suing Neumann for the "impact" they made.
And here is the supreme irony: Antioch tried to stop this development from the outset, refusing to permit it. Neumann Homes sued Antioch and won, with some judge cramming the development down the village's throat. So, this corporate bad citizen sued to impose the development on everybody, then went bankrupt, leaving a devastated landscape, bereft owners, and a village in trouble. And now...they sue Antioch again to get their impact fees back.
This is why people don't like real estate developers. Or their lawyers.