Q: Why should Tinley Park purchase this site?
A: This is an opportunity to create a legacy project. The site’s location and size justify a cost premium. (posted on February 11, 2016)
Q: How will the purchase and cleanup of the property affect taxes?
A: It is not expected that the purchase or cleanup will have any impact on existing taxpayers. (posted on February 11, 2016)
Q: Will this compete with the Downtown Plan?
A: YES, if they are marketed at the same time. In order to avoid this conflict the implementation of the downtown plan needs to advance quickly. And NO, these two distinct projects offer different places, products and experiences. In fact, the Village may have an opportunity to better connect future residents of the site to Downtown. (posted on February 11, 2016)
Q: What are the different scenarios for development of the site?
A: 1. The State sells the land off piece-meal; 2. The State sells the land off to a single master developer; 3. The Village plans and zones the Site and the State still sells it piece-meal; 4. The Village plans and zones the Site and the State still sells it to a master developer. (posted on February 11, 2016)
Q: What is the timeline and history of the property and the Village’s involvement?
A: The Illinois Department of Central Management Services (CMS) offered the property for purchase on February 20, 2014. (posted on February 11, 2016)
Q: What is the status of property ownership – who owns what?
A: The property is owned by the State of Illinois and under the control of the Illinois Department of Human Services. (posted on February 11, 2016)
Q: What are the estimated costs associated with purchase and cleanup?
A: As of January 2016, the purchase price is $4.1 million; clean up is an estimated $12.5 million. (posted on February 11, 2016)
Q: What are the facts about the terms of purchase from the State?
A: The Village is no longer under a letter of intent for the property as of last September. The Village continues to express interest if the property could be re-evaluated for a more accurate appraisal price. (posted on February 11, 2016)