Our Thoughts on the Signode Property

We have been paying attention to the Signode Property since the November 17, 2020 Board Meeting.

Lawyers for Dermody Properties were asking the Board to recommend a tax break through use of a Cook County’s 6B tax incentive for the Signode Property. This incentive is an economic development tool that Glenview has been used several times to support a reduction in Abt Electronics' property taxes. In considering whether to support the 12-year 6B tax abatement, it has been the Village’s practice to solicit input from the school districts and park district, which rely heavily on the property tax to fund operations.

Dermody had entered into a sales agreement to acquire the property for $24 million. The plans were to demolish the existing buildings and construct three new warehouse buildings. The three warehouses would contain 168 loading docks; the Signode buildings currently have 10 loading docks. This potential reuse would have ramped up traffic, noise, and air pollution.

The proposal was never considered by the Village Board as the applicant requested it be pulled from the board agenda. Currently, there is no proposal regarding the Signode property before the Village Board. We are aware of rumors about the potential use of Signode as an Amazon Fresh distribution center that was denied by the president of Dermody Properties. The GLENVIEW NEXT candidates are not in favor of any reuse that would make traffic considerably worse in that area, ultimately impacting GBS, the hospital, and neighboring communities. If industrial zoning continues, we would ensure that hazardous materials storage is distant from Glen Lake Estates, and other residences.

We are suggesting a new step in the village’s planning process that will benefit West Glenview residents when this property is sold. This new step calls for an open meeting with the village staff, the developer, impacted residents, impacted businesses, and other interested parties BEFORE any proposed development at Signode goes to the New Development Commission. This meeting would give residents in West Glenview (and all stakeholders) early input and the opportunity to seek changes before plans are finalized.

135 views0 comments