Dublin Core
Title
Feasibility Study for Special Development District (SDD): 243 acre area bound by IL. Route 56, IL. Route 47 and Galena Boulevard
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Description
Introduction
The Village of Sugar Grove, Illinois is located west of Chicago in the rapidly expanding I-88 Corridor. This region continues to exhibit significant growth and demand for new housing construction and, subsequently, for the retail, commercial and recreational development that follows such housing growth. The 2005 Sugar Grove Comprehensive Plan Update identifies three distinct areas for Town Center commercial development. These areas include:
1. The Village’s traditional downtown area along Main Street.
2. The Promenade, a southern extension of the downtown along the west side of Illinois Route 47 immediately south of the existing downtown and Prairie Street.
3. The Special Development District (SDD), a 243 acre area bound by IL. Route 56, IL. Route 47 and Galena Boulevard planned for mixed use development with an entertainment focus. This area is the focus of this Feasibility Study.
As this location map indicates, the SDD has excellent regional access. With this access comes the potential for a mixed use development including retail, entertainment, recreational, and multi-family residential uses. Some preliminary interest has been expressed by the development community.
To properly assess the potential of this area, its relationship to other areas of Sugar Grove, and the municipal planning and development tools which would be necessary to pursue identified potential, the Village of Sugar Grove has commissioned this feasibility study. The study’s objective is to determine economic feasibility, impact on the surrounding area, potential financial impact on municipal revenues, and the strategic actions required to pursue identified potential uses.
The Village of Sugar Grove, Illinois is located west of Chicago in the rapidly expanding I-88 Corridor. This region continues to exhibit significant growth and demand for new housing construction and, subsequently, for the retail, commercial and recreational development that follows such housing growth. The 2005 Sugar Grove Comprehensive Plan Update identifies three distinct areas for Town Center commercial development. These areas include:
1. The Village’s traditional downtown area along Main Street.
2. The Promenade, a southern extension of the downtown along the west side of Illinois Route 47 immediately south of the existing downtown and Prairie Street.
3. The Special Development District (SDD), a 243 acre area bound by IL. Route 56, IL. Route 47 and Galena Boulevard planned for mixed use development with an entertainment focus. This area is the focus of this Feasibility Study.
As this location map indicates, the SDD has excellent regional access. With this access comes the potential for a mixed use development including retail, entertainment, recreational, and multi-family residential uses. Some preliminary interest has been expressed by the development community.
To properly assess the potential of this area, its relationship to other areas of Sugar Grove, and the municipal planning and development tools which would be necessary to pursue identified potential, the Village of Sugar Grove has commissioned this feasibility study. The study’s objective is to determine economic feasibility, impact on the surrounding area, potential financial impact on municipal revenues, and the strategic actions required to pursue identified potential uses.
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