Wednesday, March 23, 2011

What Ed Young Doesn't Want You To Know: Part 3 -- the Meijer property

Ed Young was a founding member of CRADL, the group that prevented Meijer from opening a "box" store on a 67.5 acre site on Maple avenue.  Perhaps that was the right thing to do at the time, but that was more than 10 years ago.  For more than 10 years, that 67.5 acre site has been vacant.  That site could have been generating $1MM + in sales tax revenue for Lisle every year, year after year (almost enough to offset the cost of the "Taj Mahal").

Year after year for more than 10 years, Ed Young and the Lisle trustees have done nothing to encourage any kind of commercial development of the property.  Instead, year after year Ed Young and Lisle trustees have increased the property tax levy to make up for the "opportunity cost" of the sales tax revenue which could have been generated on the 67.5 acre site.

1 comment:

  1. Funny how we heard last night for the first time that a YMCA was looking at the property! More secrets. Did anyone else notice how they sent a letter in 2009 - anyone got a copy of the letter sent to Meijers?

    ReplyDelete