The Oak Park Board of Trustees approved spending up to $141,425 to demolish the former Car-X Tire & Auto building at 700 Madison St.
The expenditure will be paid for out of Madison Street Tax Increment Finance (TIF) District funds. The village also used $1.3 million in TIF funds to purchase the property in 2017.
The demolition project was put out for public bid, and the village chose Delta Demolition to perform the work.
The village purchased the property and is paying for the demolition to make way for a larger project at the corner of Oak Park Avenue and Madison Street.
The village has sought bids to redevelop the village-owned parking lot on the northeast corner of Oak Park and Madison, adjacent to the Car-X property, but has not yet announced a preferred developer.
Answer Book 2018
To view the full print edition of the Wednesday Journal 2018 Answer Book, please click here.
Sign-up to get the latest news updates for Oak Park and River Forest.
|Submit Letter To The Editor|
|Place a Classified Ad|