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Southland Development Authority asks University Park for a nonbinding MOU to move forward on 241‑acre Project Southland Bloom
Summary
The Southland Development Authority asked the board for a nonbinding memorandum of understanding to signal willingness to pursue annexation and tax‑increment financing for a 241‑acre site; trustees pressed on annexation sequencing, infrastructure needs (notably power) and legal/financial limits.
The Southland Development Authority (SDA) asked the Village of University Park to approve a nonbinding memorandum of understanding (MOU) to support early work on a proposed Project Southland Bloom, a 241‑acre development the presenter said the SDA currently has under contract.
Phil Kemp, identified himself as CEO of the Southland Development Authority (speaker 12), told trustees the site — described in maps as land between Stunkle and Stager roads west of I‑57 — lacks power and that SDA plans to invest capital and bring an energy partner to build the infrastructure needed to make the land developable. Kemp said SDA’s proposed investment would not only make…
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