MWRD to lease Crestwood land for possible development

The Metropolitan Water Reclamation District is agreeing to a long-term lease of some of its large land holdings along the Calumet Sag Channel in Crestwood, the first step in that suburb’s plans to tap that property for commercial development.

In soliciting bids for a 60-year lease of seven acres of its property west of Cicero Avenue and directly south of the channel and north of the Rivercrest Shopping Center, the district is making an exception to its long-held policy of allowing land leases of no more than 39 years…Please click here to read Mike Nolan’s story in the Tribune/Daily Southtown. A follow-up story is here.