Wednesday, July 18, 2012
The village will be holding more hearings on the Dempster-Waukegan redevelopment plan on Aug. 13 and Sept. 10.
Morton Grove residents, businesses and other interested parties will have one more chance to comment on the Dempster-Waukegan redevelopment plan. Although the village has already held hearings and the board has already approved the plan to redevelop Prairie View Plaza and the surrounding area, it is going to re-do some of those steps to ensure that proper procedures were and are followed, said Assistant Village Manager Peter Falcone. Earlier: What's coming at Dempster and Waukegan? "We're just doing due diligence," Falcone said. Attorneys had a concern about some certified letters that were legally required to be sent out to taxing bodies, and so the village is repeating the process to make sure the i's are dotted and t's are crossed, …
Wednesday, June 27, 2012
Prairie View Plaza may or may not be demolished. If it is, it will likely be moved back 25 feet.
After the village of Morton Grove last week approved a redevelopment plan for the Dempster Street and Waukegan Road area, including Prairie View Plaza, the question mark hanging over the area is "What next?" Alan Saposnik, the development manager and property manager for the owner, Federal Construction, said he's in talks with with businesses interested in locating there. "We continue to move forward to get leasing for the property," he said. "We're making progress with a couple of major tenants, but it's not yet close enough to announce." Earlier: Morton Grove OKs TIF to redevelop Dempster-Waukegan Saposnik, of Tower Real Estate Service Ltd. in Skokie, said the first thing is to lease to anchor tenants before filling in with …
Wednesday, May 2, 2012
Residents raise questions about Morton Grove's proposed financing plan to redevelop the area around Dempster and Waukegan Road, including Prairie View Plaza on the southeast corner.
One resident argued that Prairie View Plaza, at Waukegan Road and Dempster Street, needs to be spruced up to attract more customers. Others questioned the wisdom of what they said would be supplying less money to school districts, which get their funding from local property tax revenue. Earlier: Morton Grove Proposes Redevelopment And a manager of a furniture store in Prairie View Plaza asked what he should be doing as the village goes through the process of creating a financing plan--called a Tax Increment Financing, or TIF, District--for the shopping center and environs. The comments and questions came during a public hearing Monday at the village hall, which was necessary because the law that governs TIF districts requires scheduled …
Leasing Expert Says Retailers Won't Go For Three-Dimensional Look.
As the village of Morton Grove works toward the redevelopment of the shopping center at Dempster and Waukegan Road, a leasing expert said Monday the mall probably will not alter the footprint of the way stores are sited on the property, as residents had previously inquired about. At the village's January 30 presentation on the TIF district attended by about 120 people, some residents asked if the mall, Prairie View Plaza, could be redeveloped in such a way as to alter the footprint. Some residents suggested stores could be sited on islands within the space, such as at Deer Park Town Center in Deer Park or Seven Bridges on Route 53 in Lisle. However, John Said, Morton Grove's director of economic development, stressed that decision will …
Tuesday, April 17, 2012
Meetings will plot out the next steps, and establish timetable, for redeveloping the shopping center at Waukegan Road and Dempster Street.
Friday, February 3, 2012
Morton Grove residents learn more about TIF at Civic Center.
Monday, January 30, 2012
Morton Grove to host discussion at American Legion Memorial Civic Center.
Have questions or concerns about proposed redevelopment plans for the Prairie View Plaza? A community meeting will be held tonight, Jan. 30 at 7 p.m., in the American Legion Memorial Civic Center at 6140 Dempster St. to discuss the issue, as reported by the Morton Grove Champion. Residents will be able to learn more about plans to establish a tax increment financing district (TIF) to help pay for improvements at the plaza. Earlier: More on Morton Grove’s TIF districts Plans call for the demolishing and rebuilding of the plaza in stages as well as moving the buildings back 20 to 30 feet south to make room for more parking, according to the Champion. TIF financing works by allowing increased tax revenue to be used to help pay for …
Wednesday, August 10, 2011
Would help redevelop Prairie View Plaza
The Prairie View Plaza shopping center – once the “breadbasket” of Morton Grove – now sits 30 percent empty. Village trustees decided Monday night that it might be worthwhile to invest in its redevelopment. The board unanimously agreed to get a feasibility study for using tax increment financing to help redevelop the center. The study would be paid for by the center’s owner. The consultant doing the study, Stephen B. Friedman, did a similar study for the successful Lehigh-Ferris TIF district. Earlier: More on Morton Grove’s TIF districts Challenges of the site The center, at the corner of Dempster Street and Waukegan Road, sees as much as 75,000 cars pass each day on the two major thoroughfares, said village administrator Joseph Wade. But …