TABLE OF CONTENTS Sections 9.1 and 9.2 are case studies. Even projects that go forward reasonably well have problems, and these case studies, like the one in Sec. 4.4 , tell the stories chronologically and review the results. Each redevelopment project is a learning experience.
Robert Rafson
On Christmas Day 1994, Darlene Franche, the owner-operator of D. C. Franche Paint Company closed the doors of the company delivered the keys of the building at 1401 W. Wabansia Street in Chicago (see Fig. 9-1) to the bank, and left for Florida. The paint factory was left with over 35,000 gallons of oil-based paints and solvents (Fig. 9-2).
During the next five months, developer Robert Rafson and Steve Safran, president of Safran Metal Corp., located at an adjoining property, worked jointly as the Wabansia Corp. to make a deal with the bank, which held the note on the property, to purchase the note and foreclose to gain title to the property. Unfortunately, three days before the planned purchase of the note, Superfund showed up to do the cleanup.
A fire had broken out at the other shuttered plant of D. C. Franche, located in Davenport, Iowa, and the Davenport Fire Department called the Chicago Fire Department. The Chicago Fire Department contacted the Chicago Department of Environment, which in turn contacted the emergency response...
