On Feb. 11, Amcore Bank filed suit against Karbowski, alleging he owes them more than $3.1 million stemming out of an August 2007 loan he took out on a property located at 1323 S. Michigan, a vacant building.
This is one of many buildings the developer has problems with. This could be a nice property on the South Michigan strip, so hopefully someone buys it and does something with. It will probably take some time though.
(Image from Chicago Journal)