Demolition of Matteson's Lincoln Mall is ordered
Demolition o Lincoln Mall By Zak Koeske Daily Southtown Acourt-ordered demolition of the shuttered Lincoln Mall in Matteson could begin as soon as next month, setting the stage for redevelopment of the 48-acre property, village officials said.
The village and the mall’s court-appointed receiver, Collateral Trustee, which is managing the demolition, will return to court March 31 to present final demolition estimates to the judge, Village Administrator Brian Mitchell said.
“If the court approves, our timeline for demolition is slated to commence by mid-April with a July completion,” he said.
Cook County Circuit Judge Tom Condon on Feb. 3 ordered the immediate demolition of the mall, an action the village had sought.
The cost of demolition, which will be paid solely out of Matteson’s tax increment financing funds, is expected to come in around $3.5 million, Mitchell said. The Village Board already has passed a resolution authorizing up to $3.5 million in TIF ZBIGNIEW BZDAK/CHICAGO TRIBUNE The Lincoln Mall in Matteson closed in January 2015. An auction of store fixtures, holiday decorations, benches and more was held on April 15, 2015.
Mitchell said the developers had taken “into heavy consideration” the village’s Economic Development and Land Use Master Plan, prepared last July in consultation with Hunden Strategic Partners.
“They saw the plan, and they embraced it,” Mitchell said of Mack Developers.
The village and the mall’s court-appointed receiver, Collateral Trustee, which is managing the demolition, will return to court March 31 to present final demolition estimates to the judge, Village Administrator Brian Mitchell said.
“If the court approves, our timeline for demolition is slated to commence by mid-April with a July completion,” he said.
Cook County Circuit Judge Tom Condon on Feb. 3 ordered the immediate demolition of the mall, an action the village had sought.
The cost of demolition, which will be paid solely out of Matteson’s tax increment financing funds, is expected to come in around $3.5 million, Mitchell said. The Village Board already has passed a resolution authorizing up to $3.5 million in TIF ZBIGNIEW BZDAK/CHICAGO TRIBUNE The Lincoln Mall in Matteson closed in January 2015. An auction of store fixtures, holiday decorations, benches and more was held on April 15, 2015.
Mitchell said the developers had taken “into heavy consideration” the village’s Economic Development and Land Use Master Plan, prepared last July in consultation with Hunden Strategic Partners.
“They saw the plan, and they embraced it,” Mitchell said of Mack Developers.
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