River Forest is moving quietly and quickly toward a likely agreement to redevelop the intersection of Lake and Lathrop. A range of forces are conspiring (not the same as a conspiracy) to bring an agreement forward in the final weeks of 2010. The Lake Street TIF is soon to expire and money must be committed if it is not to be lost in a dispersal to other taxing bodies. The lousy economy has limited developer interest to a single, local entity. And the temporary decimation of staff leadership at River Forest’s village hall has created an odd limbo in accountability.
That’s why we’re pleased to see the village board peel off a second aspect of development nearby at Lake Street and Park Avenue and reopen that process with a new request for proposals. This is a wise move that will, we hope, bring forward new ideas and new developers.