Aurora puts in offer for property near RiverEdge Park
By Stephanie Lulay firstname.lastname@example.org January 30, 2014 6:39PM
Updated: February 2, 2014 5:09PM
AURORA — Aurora officials have put in an offer on a property that is near Aurora’s RiverEdge Park.
Attorney John Ruddy has been negotiating on behalf of the city to purchase the property at 330 N. Broadway. City Council gave Ruddy the go-ahead to offer $145,000 on the office property at a meeting recently.
The building on the property, built in the 1950s, now houses the offices of Aurora attorney Gary Gooding. Gooding also owns the property, according to Kane County property and tax records.
Under a recent appraisal at the direction of the city, the property was valued at $145,000, Ruddy said. But Gooding, the property owner, believes the property is worth $450,000 to $500,000, Ruddy said, and aims to seek a commercial appraisal.
Bill Wiet, the city’s chief development officer, said the city has not received Gooding’s appraisal yet. Gooding could not be reached for comment.
Aurora Director of Communications Clayton Muhammad said the city wants to make the lot a part of the park in the future. The Broadway property has always been listed as part of the RiverEdge Master Plan, he said.
In August 2013, aldermen approved the hiring of a professional development team to develop a fundraising plan for the next phases of RiverEdge Park. With the park’s music garden and John C. Dunham pavilion complete, the city wants to continue to leverage private dollars for future projects, Wiet said.
Aurora’s RiverEdge Park at 360 N. Broadway officially opened to the public in June 2013 with Blues on the Fox.
The city next aims to build the RiverEdge bridge that will connect both sides of the Fox River. The Kane County Forest Preserve District has already pledged a $2 million grant toward the pedestrian bridge project.