If sometimes you feel like you’re throwing money down the drain to cover high utility bills, this first story should offer some comfort.

Image by Ocean/Corbis

As reported by Chicago.Curbed.com on Wednesday, A Burr Ridge home was recently flooded with 6 million gallons of water over the course of several weeks. And this was no ordinary home. The uninhabited, 30,000 sq. ft. “Villa Taj” mansion was built for $18 million, but in the past two years, the list price has dropped from $26.5 million – down to $13 million. Insurance fraud much? We’ll let the authorities figure that one out.

In case you missed it, the Villa Taj isn’t the only place in town to see a price cut lately. Reported Thursday right here on Chicago Agent, former White Sox Relief Pitcher Bobby Jenks recently dropped the price on his Hinsdale home. The four bedroom, three bathroom and two half-bathroom home at 5706 Astony Court hit the market in February for $899,000, but this week came down to $849,000.

Making headlines also this week was the “Lakeview Master Plan,” wherein the Lakeview Chamber of Commerce, Lakeview Special Services Area, and other organizations laid out development plans for the North Side Chicago neighborhood. The Huffington Post reports some of the topics of discussion; like a new walking path under the CTA Brown Line and updating of signage in certain areas.