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Westmont board approves purchase of Bales Lumber site to assemble downtown redevelopment parcel
Summary
The Westmont Village Board voted March 19 to buy the Bales Lumber property at 20 East Quincy Street as part of a plan to assemble parcels adjacent to Westmont Center and attract new downtown development; the measure passed after public comment and staff presentation on projected tax benefits.
The Westmont Village Board voted March 19 to approve an ordinance authorizing purchase of the Bales Lumber property at 20 East Quincy Street, a transaction village officials said will help assemble land adjacent to the Westmont Center and support future downtown redevelopment.
Assistant Manager Parker, presenting the purchase proposal, said the property was appraised at the purchase price and that the closing is expected before Jan. 1, 2027. Parker said $3,000,000 for property purchases is included in the village's appropriations ordinance, and that the village's plan is to eventually sell assembled…
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