
Village of Dolton, Illinois plans to acquire house were Pope Leo XIV grew up
In a letter to New York-based Paramount Realty USA, attorney Burton Odelson wrote on behalf of the village that it intends to purchase the home at 212 E. 141st Pl. either by direct purchase or by eminent domain.
The village plans to work with the Chicago Archdiocese to turn the house into a historic site that can be viewed and visited by the public, Odelson wrote.
Dolton Mayor Jason House said the village's first choice would be to negotiate with the current owner of the house — but the eminent domain option could come into play if negotiations don't work out.
"We felt like it was a proper step to notify the auction house that the village is interested. And we'll take that measure if we need to, ideally, like anything else," he said. "You want to have a good, fair negotiation with the owner. We want to be fair to him, and we also have the conflicting interest of making sure we're honoring the property."
Currently, Paramount Realty USA is planning an auction of the house, which it notes was owned by the Prevost family for nearly 50 years. The house was built in 1949, the realty company noted.
The auction is scheduled for June 18. But Odelson wrote that any prospective buyers should be told their "purchase" may be only temporary since the village plans to take over the house.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a few seconds ago
- Yahoo
Samsung to Make Tesla AI Chips in Multiyear Texas Deal
(Bloomberg) -- Samsung Electronics Co. will produce AI semiconductors for Tesla Inc. in a new $16.5 billion pact that marks a win for its underperforming foundry division. The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy Budapest's Most Historic Site Gets a Controversial Rebuild South Korea's largest company announced on Monday that it secured the 22.8 trillion won chipmaking agreement, which will run through the end of 2033. The plan is for an upcoming plant in Taylor, Texas, to produce Tesla's next-generation AI6 chip, Tesla chief Elon Musk said on X, confirming a Bloomberg News report. Samsung's Seoul-traded shares rose 6.8%, to their highest since September, while its suppliers like Soulbrain Co. jumped as much as 16%. A Samsung spokesperson declined to comment, citing confidentiality terms in its contract. 'The strategic importance of this is hard to overstate,' Musk, 54, wrote on X. He described the value of the deal announced by Samsung as 'just the bare minimum. Actual output is likely to be several times higher.' The Tesla chief executive officer and X owner will walk the chip fabrication line himself and has been authorized by Samsung to assist in optimizing production, he said. The AI6 component will form the foundation of Tesla's self-driving hardware suite for cars in coming years. Samsung produces the current AI4 system, according to Musk. The contract win, the first after Executive Chairman Jay Y. Lee was cleared of all outstanding legal charges, comes as Samsung has been steadily losing ground in chip manufacturing. The company, which makes its own memory chips and also fabricates semiconductors on behalf of clients, has had difficulty bringing in enough orders to fully utilize its foundry capacity. It has postponed completion of construction and operational ramp-up of its new Texas fab to 2026. 'Their foundry business has been loss-making and struggling with under-utilization, so this will help a lot,' said Vey-Sern Ling, managing director at Union Bancaire Privee in Singapore. 'Tesla's business may also help them to attract other customers.' That's in contrast to leading chipmaker Taiwan Semiconductor Manufacturing Co., which still cannot meet all demand. TSMC held a dominant share of 67.6% of the global foundry market in the first quarter this year, according to Taipei-based TrendForce. Samsung's share slipped to 7.7% from 8.1% in the previous quarter. Samsung and TSMC are both on pace to deliver the next generation of semiconductor advancement — moving to 2-nanometer fabrication — and the new deal is seen as a signal of confidence for the company's upcoming fabrication technology. While the contract may represent a small share of foundry revenue annually, it holds greater value as a catalyst for technological refinement and innovation over the long run, according to Ryu Young-ho, an analyst at NH Investment & Securities Co. It also helps burnish Samsung's reputation as the strongest TSMC alternative at a time when Intel Corp. is struggling to win over investors skeptical about its long-term strategy and road map. What Bloomberg Intelligence Says Samsung Electronics' new contract to supply semiconductors implies a recovery in its foundry business' 2-nanometer generation chip production. The $16.5 billion contract spans 2025-33 and could boost Samsung's foundry sales by 10% annually, we calculate. — Masahiro Wakasugi and Takumi Okano Click here for the full research --With assistance from Seyoon Kim, Linda Lew, Abhishek Vishnoi and Vlad Savov. (Updates with shares and analyst commentary) Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Dude! They Killed Colbert! ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Wall Street Journal
3 minutes ago
- Wall Street Journal
Podcast: How to Navigate an AI Bull Market
Tech investor Imran Khan joins WSJ's Take On the Week podcast to discuss the artificial-intelligence trade and how to navigate it. Khan discusses how AI enthusiasm is driving market speculation, herd thinking, and the value of private-market investments like OpenAI. 🎧 Listen to the podcast here or 📹 watch the video version below:

Wall Street Journal
3 minutes ago
- Wall Street Journal
Video: Trump and EU Strike Tariff Deal
The deal with the European Union is the largest so far in the president's bid to refashion global trade, setting a baseline tariff of 15% on goods from the U.S.'s biggest trading partner.