Relocating Navistar Employees Funnel More Than $50 Million into DuPage, Kane, Kendall Home Markets
While many transplants chose homes close to their new headquarters, others opted for properties with more open space, according to an area real estate agent.
This article was updated on Feb. 15. Since Navistar employees began working in Lisle, moving from their former headquarters Fort Wayne, Ind., they have bought up more than $50 million in real estate in DuPage and nearby counties. At a community event on Feb. 2, Navistar officials said their employees had purchased their new homes mostly through John Greene Realtor, Coldwell Banker, and @properties, with $50 million closed and another $4 million under contract. Approximately half of these transactions occurred through John Greene Realtor, according to Navistar vice president Don Sharp. Navistar began phasing employees into the area in mid-2011. More than 3,500 people now work at the company's new headquarters on Warrenville Road, officials …
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2:15 pm on Thursday, February 16, 2012
The $285 MILLION in fines the EPA will collect from Navistar for violations of the Clean Air Act with their diesel engines will help make up the difference to taxpayers. http://www.reuters.com/article/2012/02/16/navistar-engines-idUSL2E8DG85E20120216 more ›