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La Salle investment group wins bid for 45-acre property off Interstate 80

City spoke with developers before their bid about working with them moving forward

By Maribeth M. Wilson

 

A development group won its bid for 45 acres of property just northwest of Interstate 80 along Route 178 in La Salle. (Derek Barichello)

A prime spot for development in La Salle has been acquired by an investment group only a month after the La Salle City Council passedon bidding on the property.

The 45-acre property at the northwest corner of Interstate 80 and Route 178 was won at auction by La Salle Ventures LLC. The new entity comprises nine local investors, Dr. Paul Perona, David J. Sickley and Dan Eiten. This is at the Utica exit from Interstate 80.

The group pitched the ideas to city of La Salle representatives before bidding on the parcel, according to a news release sent Thursday.

“The city of La Salle was thankful to work with La Salle Ventures prior to their bid and were enthused by the possibilities they had pitched,” Mayor Jeff Grove said. “The city is glad the parcel will remain in local hands, and the city looks forward to helping aggressively market this land for development.”