No joy in Clublands

[NNN0LHI]

http://www.chicagotribune.com/business/chi-ghosttown_07dec07,0,4198997.story?coll=chi_tab01_layout

Antioch subdivision like 'ghost town' after developer goes bankrupt

Robert Gabriel and his family moved into an Antioch subdivision months before the developer went bankrupt and left the few residents with little infrastructure.

By Susan Kuczka | Tribune staff reporter
December 7, 2007

In his old neighborhood in Gurnee, Robert Gabriel was known for elaborate Halloween decorations.

He never imagined he'd end up living in a virtual ghost town.

Gabriel, his wife and children moved into an Antioch subdivision in April, before builder Neumann Homes declared bankruptcy last month. Now, he said, he worries about vandals, thieves and nasty critters creeping around his property, especially at night. Streetlights aren't installed, roads aren't paved and half-built homes stand as stark symbols of the builder's financial woes.

"It's been like living in a ghost town since we moved in," Gabriel, said as he pointed to the skeletal frames of unfinished homes. "It can get scary when it's dark out." snip

But Gabriel and his handful of neighbors say that since Neumann filed for bankruptcy they've been left to wonder about the future of Clublands. The subdivision was slated to contain 960 single-family homes with prices from around $240,000 to $410,000. An 8,000-square-foot clubhouse also was to be built, along with swimming pools, tennis courts and other amenities.

"We had a ground-breaking for the clubhouse in early May, and then all of a sudden the work just stopped and the workers disappeared," Gabriel said.

[MNDemNY]

1. Sounds like those poor soles need a government bail out.

[monmouth]

2. Same story in Pt. St. Lucie when Levitt filed. This is going on all over n/t