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The Block 59 Revolution: Tears Down Old, Builds New in Naperville
NapervilleSunday, September 15, 2024
As the construction unfolds, it's clear that this project has been a long time coming. Brixmor, the development company, has been reimagining the shopping center for six years, facing "a lot of twists and turns" along the way. But what about the city's involvement? The Naperville City Council approved redevelopment plans in March 2023, and established a business district to help fund infrastructure improvements. If this district is meant to fund public works, what exactly does this mean for local residents?
The district, which places an added 1% tax on sales made within its boundaries, kicked in starting July 2023. But what about the conditions that must be met before Brixmor receives any district tax funds? These include completing 50,000 square feet of site and public improvements, securing a certificate of occupancy for at least one building, and opening the public event space. With Novack, the director of Naperville's Transportation, Engineering, and Development department, predicting it won't be met until 2025, what are the implications for the city's budget?
Meanwhile, Dippolito encourages community members to keep an eye on Brixmor's new Block 59 website, which promises to be updated regularly as the project progresses. What will we see on this site? A behind-the-scenes look at the construction process? Sneak peeks of the new tenants? Or something more?
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