A plan for a blockbuster development along Madison Street by Jupiter Development that would have curved the roadway near the intersection of Oak Park Avenue has been abandoned, but the village still aims to redevelop the parking lot and adjacent parcels of property near the intersection.
Oak Park Mayor Anan Abu-Taleb and Trustee Bob Tucker told Wednesday Journal that the Oak Park Economic Development Corporation and village staff are still negotiating with Jupiter on a new plan. But since the original proposal fell through, the village must now reissue a request for proposals (RFP) from qualified developers.
The board of trustees directed staff to reissue the RFP later this month. That request to developers will be open to developers for 45 days. While it seems likely that Jupiter will come back with the proposal outlined by Abu-Taleb and Tucker in April, trustees said it’s not a foregone conclusion that the company will be chosen again as the preferred developer.
“I’m looking forward to a robust response,” Trustee Dan Moroney said. “I think competition is a good thing.”
Taglia echoed the sentiment: “Let the chips fall where they may and let the best proposal win.”