The redevelopment, on the land of the now-shuttered Stratford Square Mall in suburban Bloomingdale, is set to be called 'The Grove at Bloomingdale Commons.'
The redevelopment, on the land of the now-shuttered Stratford Square Mall, is set to be called"The Grove at Bloomingdale Commons"closed its doors for good, Bloomingdale Mayor Franco Coladipietro unveiled grand plans to redevelop the land where the now-defunct mall sits.
Demolition is expected to begin in October, officials said, at a cost of $4.7 million. Officials added that bids were still being received on infrastructure, which Coladipietro said the village will be responsible for.Coladipietro added that infrastructure costs would be financed through bonds and a TIF, or Tax Increment Financing, earned from forthcoming commercial real estate.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly Coladipietro also said village will continue to own the property until there is a buyer for the project.
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