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Commission reviews Comprehensive Plan amendments and two proposed TIF districts for Algonquin corridor
Summary
Staff outlined proposed land-use map amendments for the Golf Road/Algonquin subareas, potential redevelopment sites (Atrium, 1600 Golf, Holidome, Gallagher campus) and two proposed TIF districts (Orchard & Algonquin; Keystone & Algonquin) aimed at incentivizing reinvestment and possible funding for Meadowbrook realignment.
City staff briefed commissioners on planned Comprehensive Land Use Plan amendments to reflect recent and prospective redevelopment across the Golf Road and Algonquin Road subareas.
Deputy Director Jordan Ellena and Assistant City Manager Glen Cole described site-specific considerations: the Atrium property remains under consideration for a data center but is constrained by ComEd power delivery; interest exists in converting office properties such as 1600 Golf to mixed-use; and the City has proposed two Tax Increment Finance districts (the Orchard and Algonquin TIF, and the Keystone and Algonquin TIF) to support reinvestment and the proposed Meadowbrook realignment. "A data center remains the preferred use; power delivery from ComEd is the primary remaining hurdle," Cole said.
Staff said the amendments will aim to be flexible and to align the future land use map with TIF proposals; mail notification to affected property owners is planned and a draft is expected to be presented to the Commission in April to align with the TIF timeline.
