March 24, 2011Delavan - An agreement for the purchase of Lake Lawn has been made and now the documents are in the hands of attorneys to legalize the sale.
On Friday afternoon, as many as 13 banks who are stakeholders in the foreclosed property, agreed to sell Lake Lawn Resort to Jim Drescher and his group of local investors for $9.5 million. The agreement came on the heels of a few weeks of work by Drescher negotiating with bank officials, specifically Patrick Wright of Anchor Bank.
Because the property was in foreclosure, Drescher said it should be a relatively easy closing as a quick claim deed. Drescher and his group of investors are purchasing the property "as is" with their cash offer. Drescher and his investors raised about $12 million during the past few months in an effort to buy the property and reopen it.
March 24, 2011Delavan — A crowded City Hall last Thursday night was proof how important Lake Lawn is to the area.
Local political officials, residents and former Lake Lawn employees filled the council chambers March 17 for a special meeting to discuss a possible purchase of the resort by local Jim Drescher and his group of investors.
After singing the praises of Drescher, discussing the need for the resort to reopen to help the economy and agreeing to create a City Council resolution to support Drescher's purchase, most left the meeting with a positive feeling.
Gary Con this weekendMarch 24, 2011Just more than three years ago, Lake Geneva's Gary Gygax, creator of the famed role-playing game Dungeons & Dragons died.
His life was celebrated by friends and family weeks later with Gary Con. Each year since, they have held the convention the same weekend in March.
But, with Gary Con III set for this weekend, there is more to celebrate surrounding Gygax's life.
January 20, 2011Lake Geneva city officials are a few steps closer to purchasing about 60 acres of environmentally sensitive land which weaves along the White River through the former Hillmoor property.
While the long-term future of the Hillmoor land remains unknown, the city apparently is moving toward buying part of the property with help from a Wisconsin Department of Natural Resources Urban Rivers Grant.
City Administrator Dennis Jordan said the 50-50 grant is expected to be about $90,000. He said the city will have to chip in the same amount as the state.
January 20, 2011Since the summer of 1928, the Geneva Theater has been a fixture in downtown Lake Geneva. For a long time, it was the only theater in the area.
But, things have changed. The property has been on the market for $949,000. Now, with a possible purchase of the property in the works, some local historians are hoping a piece of the building's history can be saved.
Lake Geneva Historic Preservation Committee Chairman Ken Etten said a number of interested community members have met to discuss the future of the building. He also has discussed the possibilities with local leaders and groups.
Recent Lake Geneva News
Lake Geneva makes top listMarch 17, 2011What do The Hamptons, Aspen, Martha’s Vineyard, Lake Tahoe, Pebble Beach, Palm Springs and Lake Geneva have in common?According to Barron’s financial magazine, they are among the top 15 second-home and resort communities in the entire country. Lake Geneva was ranked 14 on the list, which took into account attributes such as beauty, comfort, convenience, a range of lifestyles and most importantly, value.“I think this is a testament to the great and beautiful area we live in and sometimes take for granted,” Lake Geneva Mayor Jim Connors said. “It is great we are viewed by people in such a manner. Now our charge is to try to maintain that.”
City will borrow $875,000 moreFire truck new addition to bondingMarch 17, 2011It was a tough, long and heated battle, which firefighters seem used to. But, in the end Monday night, Lake Geneva firefighters and officers were emotional and thankful.The City Council voted 5-4 to borrow up to $875,000 to buy a new aerial platform fire truck, which will replace the current 1988 ladder vehicle. During the previous two council meetings, aldermen already had approved borrowing about $2.2 million for road repairs and equipment needs for the fire, police and public works departments. This additional borrowing increases the total to more than $3 million for capital improvements that must be used during the next three years.Fire Chief Brent Connelly and Police and Fire Commission members Scott Storms and Mark Pienkos were adamant the new truck was a need, rather than a want. They cited safety and liability as reasons a new truck is necessary.
Arrests made in sexual assaultsMarch 10, 2011Since the start of the year, there have been six reported sexual assaults in the city of Lake Geneva.It’s a number that concerns Police Chief Michael Rasmussen.“The year is just starting out, so it is kind of scary,” he said about the high number.
Lake Geneva avoids teacher, staff layoffsConcessions lead to necessary budgetary reductionsMarch 10, 2011Leaders in the Lake Geneva Schools have done what many other district officials in Wisconsin dream of being able to do.Last week, Lake Geneva teachers, support staff and administrators agreed to a two-year wage freeze and to pay more for their pensions and health insurance in exchange for the likelihood that there will be no layoffs or reduction in programming in the 2011-12 school year.With Wisconsin Gov. Scott Walker’s proposed budget cuts and repair bill looming, Lake Geneva teachers and staff agreed to reopen their contracts. The negotiations took about two weeks to complete.
Schools hoping for no layoffs in 2011-12March 03, 2011For the time being, teachers in the Lake Geneva Joint 1 and Badger High school districts can breathe a sigh of relief.Unlike other schools in the area and state, no teachers in either district have received notices of contract nonrenewals for the 2011-12 school year.However, with unknown answers regarding limited collective bargaining and state school aid funding, local School Boards, teachers unions and administrators will continue discussions to determine how to deal with possible future budget shortfalls.