ULI CHICAGO MEDIA ADVISORY

WHAT:  A panel of real estate experts from ULI Chicago will announce redevelopment recommendations from the Irving Park Road Corridor TAP which took place on August 1-2, 2012 in Hanover Park.

WHEN:  August 28, 2012, 6:00 pm – 7:30 pm

WHERE:  Anne Fox School, Main Entrance, 1035 Parkview Drive, Hanover Park, IL 60133

PARTNERS:  The Village of Hanover Park
Urban Land Institute Chicago (ULI Chicago)
Chicago Metropolitan Agency for Planning (CMAP)

Building upon priorities in Hanover Park’s 2010 Comprehensive Plan, the Village applied for and was awarded funding from the Chicago Metropolitan Agency for Planning (CMAP) Local Technical Assistance (LTA) program to explore revitalization of the Irving Park Road Corridor, between Astor Avenue to the west and Wise Road to the east.

CMAP and the Village of Hanover Park selected the Urban Land Institute Chicago (ULI Chicago) as the technical assistance partner to advance the project with a 2-day Technical Assistance Panel (TAP). ULI experts in development, market feasibility, finance, land use, and design met August 1st and 2nd to tour the study area, interview community and business stakeholders, and explore different strategies for business recruitment and land use planning along the Irving Park Road Corridor. The panel analyzed qualitative and quantitative information, including relevant market data, to offer objective, viable recommendations on a corridor strategy for Irving Park Road.

CONTACT:  To learn more about the Irving Park Road Corridor TAP, please visit chicago.uli.org or contact Cindy McSherry, Executive Director, ULI Chicago, 773-549-4972.

ABOUT:  ULI Chicago (chicago.uli.org), a District Council of the Urban Land Institute, has more than 1,000 members in the Chicago land area. Organized in 1986, the district council celebrates 25 years in 2012. The ULI Chicago Technical Assistance Panel program draws upon ULI member expertise to provide creative and practical solutions to land use challenges in communities across the Chicago region and beyond. ULI Chicago’s TAP program was started in 2002.

The Urban Land Institute (uli.org) is a global nonprofit education and research institute supported by its members. Its mission is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. Established in 1936, the Institute has nearly 30,000 members representing all aspects of land use and development disciplines.

Chicago Metropolitan Agency for Planning (cmap.illinois.gov) The Chicago Metropolitan Agency for Planning (CMAP) is the official regional planning organization for the northeastern Illinois counties of Cook, DuPage, Kane, Kendall, Lake, McHenry, and Will. CMAP developed and now leads the implementation of GO TO 2040, metropolitan Chicago’s first comprehensive regional plan in more than 100 years. To address anticipated population growth of more than 2 million new residents, GO TO 2040 establishes coordinated strategies that help the region’s 284 communities address transportation, housing, economic development, open space, the environment, and other quality-of-life issues. CMAP is working with communities throughout the region to implement the plan through its Local Technical Assistance program (cmap.illinois.gov/lta).