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Thread: Civic Center Parking Structure

  1. #1
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    Civic Center Parking Structure

    Not to be confused with the Apex 400 project, the garage gets it's own thread...and a timely article today...

    Glen Ellyn plans to borrow $10 million for parking garage, streetscape projects (link) Daily Herald

    'Glen Ellyn officials are preparing to borrow nearly $10 million next month to help fund construction of a parking garage behind the Civic Center along with downtown streetscape renovations and other big-ticket projects.

    A new food and beverage tax that will take effect in March could raise between $825,000 to $1.2 million annually to repay the bonds the village is issuing for capital projects downtown and elsewhere. The board passed the 1.5 percent dining tax in September.

    The $10 million will primarily fund the construction of the Civic Center parking garage, ongoing Civic Center renovations, the downtown roadwork and streetscape project and Roosevelt Road lane improvements at the Baker Hill shopping center. The ordinance approved by the board Monday also allows for using the bonds for property acquisition in case any would be needed as part of those projects.

    Next spring, the village intends to issue more bonds to..."

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    Put this in Apex 400 thread based on discussion, throwing it here too...

    Quote Originally Posted by middlein87 View Post
    The tax increase is for a potential garage behind the Civic Center.
    An interesting fact to that garage and has kind of gone under the radar at bit, is that GE has purchased the Shonkwiler Real Estate building* (now vacant) at 423 N. Main, and the house behind it (most don't even know there is a house behind it...



    Those buildings will be removed to make way for a Pedestrian walkway from the "new" garage behind the Civic Center.

    * Or plans to, not sure

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