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Published - Tuesday, March 28, 2006

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Onalaska developer has high bid for former used-auto lot


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ONALASKA, Wis. — Shelketo Inc., an Onalaska developer, had the high bid of $195,000 Tuesday at a sheriff’s sale of the former Randall & Sons Automotive used auto lot at 426 Second Ave. S. along Hwy. 35 in Onalaska.

“I don’t have any plans for development right now,” Mike Tooke, a Shelketo officer, said afterward. “I just wanted the property.”
Shelketo won’t become the owner until after a sale confirmation hearing in La Crosse County Circuit Court. The hearing date hasn’t been set.

Coulee Bank made the first bid, for $180,215, which is the amount it will receive from the sheriff’s sale. It obtained a court judgment against John and Nancy Randall of West Salem, Wis., in early February after they fell behind on loan payments.

John Randall operated the automobile dealership, which closed last year.

Steve Cahalan can be reached at (608) 791-8229 or scahalan@lacrossetribune.com.
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