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Blighted Plaza property ready for demolition

  • Written by Bob Rakow

  Evergreen Park officials Monday took some additional steps toward the redevelopment of the Plaza.
  Trustees approved an ordinance approving the Evergreen Park Place redevelopment plan, which will permit the village to charge a 1 percent sales tax within the commercial district to reimburse the costs of demolition and renovation, Mayor Jim Sexton said.
  A second ordinance approved on Monday designates the Plaza property as blighted, which would allow the developer to pay 10 percent in Cook County property taxes rather than 25 percent, Sexton said.
  The ordinance also grants the village condemnation powers that can be used if any remaining tenants do not leave the mall, 95th Street and Western Avenue.
  Negotiations with Carson’s, the lone retailer in the mall, have stalled, Sexton said. Condemnation power gives the village leverage in future negotiations, he said.
  The retailer is only one remaining at the otherwise shuttered mall. The mall closed on May 31. Applebee’s, which is located on an out lot, and Planet Fitness, remain open.
  Plans calls for an outdoor mall that would a feature a variety of retailers and restaurants.
  The 61-year-old shopping mall, formerly the Evergreen Plaza, has been in foreclosure since 2011.
  DeBartolo Development wants to demolish the mall and replace it with a “lifestyle center,” Chicago Real Estate Daily.com reported. The development firm is owned by former San Francisco 49ers’ owner Eddie DeBartolo.
  Sexton and other village officials met with DeBartolo representatives last week. The developer hopes to begin demolition in the spring followed by construction, which would take about one year, Sexton said.