CITY COUNCIL AGENDA ITEM
ACTION REQUESTED:
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Receive the staff report for the Block 59 Business District located at northeast corner of Route 59 and Aurora Avenue (Item 1 of 4)
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DEPARTMENT: Transportation, Engineering and Development
SUBMITTED BY: William Novack, Director/City Engineer
BOARD/COMMISSION REVIEW:
N/A
BACKGROUND:
Brixmor Properties owns both the Westridge Court and Heritage Square shopping centers at the corner of Route 59 and Aurora Avenue. Due to increasing vacancies and declining revenues, Brixmor completed a redevelopment plan for both centers. The plan includes the demolition of several of the buildings and the construction of new building pads around a central public green space.
While Brixmor will invest a significant amount of money into the project, it still required additional funding. Brixmor approached the City about establishing a Business District to provide additional funds for the redevelopment.
In accordance with state statutes the following steps have been completed to establish this Business District:
1. September 20, 2022 - City Council adopted Resolution 22-28 expressing the City's intent to consider the designation of a business district at this site
2. December 20, 2022 - City Council passed Ordinance 22-131 scheduling a public hearing for January 17, 2023
3. January 1, 2023 - the first public notice for the public hearing was published in the Chicago Tribune
4. January 4, 2023 - the second public notice for the public hearing was published in the Chicago Tribune
5. January 17, 2023 - the City Council conducted the public hearing for the business district and requested that the boundary be reduced, which would require the scheduling and notice of another public hearing
6. February 7, 2023 - the City Council passed Ordinance 23-010 scheduling a public hearing for February 21, 2023
7. February 8, 2023 - the first public notice for the public hearing was published in the Chicago Tribune
8. February 10, 2023 - the...
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