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Local News

Elwood will have open house for proposed industrial park

Event scheduled for June 27

ELWOOD – Developers may be looking to add more industrial operations to Elwood.

The village is holding a public open house from 3 to 7 p.m. Tuesday, June 27, in relation to a conceptual design for Compass Business Park, which would be northeast of Route 53 and Ira Morgan Road.

Once a small rural village, Elwood is now known regionally for the amount of semi truck traffic that flows in and out of it, causing many residents to complain about semis entering residential streets.

But not much is known about the Compass proposal at this time. Village Administrator Marian Gibson said Friday an official application has not yet been filed with the village.

An Elwood resident provided The Herald-News with a printed copy of the proposed master plan for Compass Business Park.

Will County Recorder of Deeds records show several real estate transactions in the last three months between CenterPoint Intermodal LLC, which owned the land, and L.B. Anderson Land Holding LLC., a leasing and property management firm.

A real estate transfer declaration from the recorder’s office shows 190 acres of land northeast of Route 53 and Ira Morgan Road near the Bissell facility was transferred to L.B. Anderson and $4.6 million of value is to be considered for property taxes.

An attempt Monday to reach someone familiar with the property at North Barrington-based L.B. Anderson was unsuccessful, as the person handling the property is out of the office until Friday, a receptionist said.

Gibson declined a request Friday to provide The Herald-News a copy of the proposed master plan for Compass Business Park, saying it’s still in the very early stages and has not yet been discussed formally by village officials.

Gibson did say Friday that residents attended a village board meeting last week and addressed the board about the proposal in the public comment portion of the meeting.

On Monday, when asked via email for a higher quality version of the proposed master plan the resident had already supplied The Herald-News, Gibson said “there is no other version, everything is concept only.”

Following that, The Herald-News submitted a Freedom of Information Act request to the village for an electronic copy of the proposed master plan.

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