Location, Location, Location!!!
Flossmoor is considered to be one of the jewels of the south suburbs of
Chicago. Since its inception as a summer retreat for the captains of
industry of the late 19th century Chicago, it has been considered an
exemplary community with a long held tradition of excellence.
With its central location within the south suburbs, convenient
transportation linkages to downtown Chicago, proximity to Midway as
well as the proposed Peotone Airport and reputation for excellence,
Flossmoor is more than just a "competitive" location. Flossmoor contains
exciting opportunities for development, from smaller parcels ideal for
retailing and independent office uses to larger sites perfect for
comprehensively planned office park developments.
In order to promote and encourage development, the Village of Flossmoor
has established the Southwest Flossmoor Tax Increment Financing (TIF)
District. The District, with a total area of 96.6 acres, is located
adjacent to the intersection of two major arterials - Vollmer Road and
Crawford Avenue. The District has 2,650 feet of frontage along Vollmer
Rd. and 1,600 feet of frontage along Crawford Ave. The District is
within 1.5 miles of the Vollmer Rd. interchange of I-57.
The objective of the Village is to encourage the redevelopment of this
area as a high quality business/office park with a campus like
environment. The District designation provides the Village with the
ability and authority to directly assist in the development process.
The Village has undertaken a number of preliminary steps in support of
this redevelopment objective. To date, the Village has completed a
Phase I Environmental Audit, a topographic survey, archaeological
assessment and substantial improvements to the municipal water system.
The Village is prepared to offer significant financial incentives to
encourage developers and "end users" to choose Flossmoor as a location
for their projects. Among the incentives that may be offered are the
following:
Land Cost Writedowns
Construction of Public Utilities
Interest Subsidies
Acquisition of Property
For Further Information, contact:
Peggy Glassford, Village Manager
Village of Flossmoor
2800 Flossmoor Road
Flossmoor, Illinois 60422
(708)798-2300
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