Sunday, December 31, 2017 || By Michael Romain || @maywoodnews
Featured: The entrance to the former Golfland driving range, which was recently purchased by Triton for $3.6 million. | Flickr/Katherine of Chicago
A former golf practice range in Melrose Park is now part of Triton College after the college’s Board of Trustees unanimously agreed to purchase the land in November for $3.6 million.
Trustees unanimously approved a resolution to authorize the purchase by issuing a 5-year debt certificate through BMO Harris Bank. The interest rate for the debt certificate will be no higher than 2.4 percent.
The 8.3-acre property — located at 1701 S. 5th Ave., just west of Costco, east of Gottlieb Hospital and immediately south of Triton’s east side campus — was formerly Golfland Arcade, a practice driving range that closed in 1996.
An aerial image of the former Golfland driving range property. | Loopnet
According to documents from the Nov. 2 meeting, college officials believe that the property “is suitable for opportunities such as a new education building to house college programs, expansion of the horticulture department’s academic activities or uses for other programs and facilities.”
The property was listed on LoopNet for $7 million, but according to county land records, the property was purchased for $3.3 million in 2006 by River Park Development, LLC., based in Harwood Heights Albert Bruno is listed as the principal.
Records show that Bruno took out a $5.2 million mortgage on the property at the time of the purchase. Attempts to contact Bruno and Triton College officials on Friday were unsuccessful. VFP
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