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November 6, 2008
Forest City in the News
Southtown Star, New Lenox voters back home rule
New Lenox, IL Mayor Tim Baldermann called mall developer Forest City Enterprises to deliver the good news about Tuesday's election:
Home rule will enable the village to levy a 1 percent sales tax July 1, bringing it up to 8 percent. That will be primarily paid by non-residents, officials said, while residential homeowners have been promised a property tax rebate.
Village leaders said they needed home rule powers to help them lure quality commercial development to town and pay for road improvements to accommodate the shopping traffic. The increased sales tax revenues will be used to finance roadwork.
CoStarGroup, Forest City Signs 54,500 SF in Deals at Tower City Center
Forest City Enterprises Inc. signed two new deals at the Tower City Center, one of Cleveland's premier mixed-use developments and the most recognized building in Cleveland.
The Cuyahoga Community College leased 38,079 square feet of office space, the full second floor of the Terminal Tower building, at 50 Public Square in Cleveland.
...
General Service Administration renewed and expanded its lease of 16,484 square feet in Skylight Office Tower at 1660 W. Second St.
NoLandGrab: What a coincidence, Forest City projects in Brooklyn have lots of government agencies as well.
Posted by lumi at November 6, 2008 5:02 AM