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Glenview trustees approve $23.38 million purchase of former Signode site to pursue park and master plan
Summary
The Glenview Board of Trustees voted Nov. 4 to buy the 56‑acre former Signode industrial campus for $23,375,000, launching a public master‑planning process to explore recreation, open space and partner uses; trustees and residents urged thorough environmental review and clear financing steps.
The Glenview Board of Trustees voted Nov. 4 to authorize a purchase‑and‑sale agreement with Signode Industrial Group LLC for the 56‑acre property at 3600–3700 West Lake Avenue, approving a $23,375,000 purchase that the village says would be developed through a public master plan focused on recreation and permanently preserved open space.
Director Brady, who led the presentation to the board, said the site has been marketed since 2020 and vacant since 2022 and described its boundaries (West Lake Avenue, Pinkston, nearby Glenbrook South High School and Glenbrook Hospital, and a railroad line). Brady summarized key terms: “The purchase price is 23,375,000. The site is 56 acres. The earnest money … is a half $1,000,000,” and the village would have a 60‑day due‑diligence period followed by 30 days to close, with an anticipated closing in February 2026. The resolution before the board also authorized purchasing existing Phase I…
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