Village Free Press_031120

Page 1

Vol. IV No. 11 PASO workers P sstrike, PAGE 3 P

North Riverside Mall on brink of foreclosure But owner says they’re ‘confident’ foreclosure can be avoided

MARCH 11, 2020

theVillageFreePress.org

Proviso Delinquent Tax Listings. pages 15-22

LAST SUNDAY: Rev. Elliot Wimbush, pastor of First Congregational Church in Maywood, which is scheduled to close permanently. The church’s last Sunday service will be on March 15, Wimbush said. SHANEL ROMAIN

By BOB UPHUES Riverside-Brookfield Landmark

Despite an ominous federal filing March 3 indicating the North Riverside Park Mall faces imminent foreclosure, officials from the shopping center’s owner, The Feil Organization, say they are confident a deal can be worked out to prevent that from happening. A March 3 filing with the U.S. Securities and Exchange Commission revealed that North Riverside Park Mall’s indebtedness exceeded its appraised value by millions of dollars and that the loan was considered in default. “The borrower is seeking an extension of the maturity date,” the filing states. “Legal counsel has been engaged and a formal notice of default has been sent. The lender will dual track foreclosure/receivership proceeding while simultaneously See MALL on page 3

Maywood’s oldest existing church to close First Congregational Church, 400 N. 5th Ave., will hold its last Sunday service on March 15 By MICHAEL ROMAIN Editor

First Congregational Church of Maywood, which is older than Maywood itself and the village’s oldest existing congregation, will close this month — just a year shy of its 150th anniversary, said Rev. Elliot Wimbush, the church’s pastor for the past 14 years. Wimbush said that the imminent closure is the result of dwindling membership

coupled with the financial costs of maintaining the congregation’s roughly century-old house of worship at 400 N. 5th Ave. in Maywood. The church’s last Sunday service will be held on March 15, Wimbush said. “When I came here 14 years ago, there were just a handful of people left over from a congregation that once numbered in the hundreds back in the day,” Wimbush said on March 2. “But in the 1960s and

1970s, as North Maywood was changing, the church suffered from white flight like so many others did and it was an aging congregation.” Still, Wimbush said, that the church attracted roughly 40 people on any given Sunday was something of a miracle, considering how saturated Maywood is with churches and that not many people in Maywood identify as Congregationalists. See FIRST CONGREGATIONAL on page 5

TIRED OF PAYING ATM FEES?

PAY NO MORE!

LOOK INSIDE TO FIND OUT HOW

1759 N. Mannheim Rd. | Stone Park, IL 60165 708-483-0030 | www.provisobank.com Proviso Community Bank is a branch of Hinsdale Bank & Trust Company.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.