Tinley Park trustees appear to favor creating a special taxing district that would take in Panduit Corp.’s former headquarters and adjacent properties but are still deciding whether to expand a detention pond on the Panduit site to capture stormwater from downtown sites that are ripe — and in some instances overripe — for redevelopment.
Creating a tax increment financing district encompassing the Panduit land, northwest of Ridgeland Avenue and 175th Street, could facilitate redevelopment of the site, which is largely unused except for a research and development building the company maintains there. In 2010, Panduit relocated its global headquarters to a site south of Interstate 80 and east of 80th Avenue in Tinley Park…Please click here to read Mike Nolan’s story in the Tribune/Daily Southtown.
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