Villa Park trustees approve $45M transformative development project plan

The Villa Park Board meeting held on February 10, 2025, focused on a significant development project that aims to revitalize the area. The discussions centered around a proposed agreement with a development firm, Marquette, which has a strong track record in similar projects.

Key points of the meeting included concerns about the financial implications for the village and the potential impact of construction on local traffic, especially given the recent opening of the Villa Park Recreation Center. Board members expressed the need for thorough scrutiny of the contract to ensure that the village's interests are protected. Trustee Koza emphasized the importance of understanding the risks involved, particularly in light of past experiences with other developers.

The developers reassured the board that they have taken steps to mitigate risks, including compliance measures and a completion guarantee that would hold them accountable for the project's success. They outlined plans to manage construction traffic to minimize disruption to the community, particularly around the recreation center.

Trustee Bridal and other board members expressed their support for the project, highlighting its potential to serve as a catalyst for economic growth in Villa Park. They noted the extensive collaboration between the village staff and the developers in crafting the agreement, which includes provisions for regular updates and communication throughout the project's duration.

The board ultimately voted unanimously in favor of moving forward with the project, signaling a strong commitment to enhancing the community's infrastructure and economic landscape. The developers indicated that groundbreaking could occur as early as June, pending final approvals. This project is seen as a pivotal step towards revitalizing Villa Park and addressing the needs of its residents.