I heard the Lee Street/Aldi developer wants to change things around; that Aldi wants to front Ogden Avenue, and that the developer wants to build 113 town homes instead of 78. What did you hear Mark?
I heard what you heard. As almost always happens here in Downers Grove, what is originally proposed is rarely what gets built.
I have a couple concerns.
1) What happens to the extensive water retention areas planned for originally? If they stay the same size or get larger to account for more town homes, that's great. If they get smaller, that could be a problem.
2) Will residents along Lee, Grant, and Stonewall be kept informed of how this is progressing? Residents don't want to be left out in the cold. Even a couple "door hangers" with info as it becomes available, put out the 50 or so homes directly connected or along those streets, would be nice.
According to staff the groundwork for the RDA called for the Village to kickback almost all the real estate taxes on the town homes, but only those in the TIF District. The village will pay for this every year out of the Ogden Avenue TIF fund. The developer pushing more town homes in to the TIF area creates a bigger annual payback for them.
It seems to me this would be a positive reason to expand the TIF district boundaries, to include the entire property, so we have the revenue stream to pay for the agreement we make. To do that, we need to be starting NOW to change the boundaries.
I know, that's more questions instead of answers...
