HomeMy WebLinkAbout4. Downtown Redevelopment Update 09/27/2011Village of Mount Prospect
Community Development Department
MEMORANDUM
Mount Pwwp_
TO: MICHAEL E. JANONIIS, VILLAGE MANAGER
FROM: DIRECTOR OF COMMUNITY DEVELOPMENT
DATE: SEPTEMBER 21, 2011
SUBJECT: DOWNTOWN REDEVELOPMENT STATUS
At the September 27 Committee of the Whole meeting, staff will 1) provide an overview of the status
of each of the sub-areas that were determined by the Downtown Ad-Hoc Committee in 2003, 2) review
the financial status of the Tax Increment Financing District that is set to expire in 2021, 3) present some
proposed marketing and business attraction concepts to enhance our business attraction efforts, and 4)
discuss a recently approved RTA grant to fund hiring a consultant to review our efforts to create a
transit oriented development plan for the downtown.
Please forward this memorandum and attachments to the Village Board for their review and
consideration at their September 27 th meeting. Staff will be present at this meeting to answer any
questions related to this matter.
William J. Cooney, Jr., CID
Sub Area Redevelopment Status
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Proposed Marketing and Business Attraction
Eff o its
Village of Mount Prospect
Mount Prospect, Illinois
INTEROFFICE MEMORANDUM
TO: VILLAGE MANAGER
FROM: PUBLIC INFORMATION OFFICER
SENIOR PLANNER
DATE: SEPTEMBER 21, 2011
SUBJECT: DOWNTOWN BUSINESS RETENTION & RECRUITMENT PROGRAM
Background
The Village created the Downtown TIF District and Redevelopment Plan in 1985 to encourage
development in the downtown area. The plan was updated in 1998, and again in 2004. The TIF
District has also been amended to incorporate additional parcels within the downtown. However,
the plan has not been re- evaluated since recent changes in the economy have transformed the
development climate.
An updated plan for downtown Mount Prospect is necessary: one that includes property beyond
the boundaries of its TIF district and takes into consideration the transformation that has
occurred within the district over the past ten years. Staff is proposing a Downtown
Implementation Plan to focus on redevelopment opportunities, appropriate uses of TIF funds,
improving amenities for pedestrians, bicyclists, and transit users, and balancing the desires of
the community with the realities of the market. The community needs a document that can
provide a guide for future investment in its vital core.
Staff has applied for and received preliminary approval for a grant from the Regional
Transportation Authority (RTA) in the amount of $80,000 to develop a Downtown
Implementation Plan (see attached grant application).
Additionally, staff is proposing several programs to encourage and support retail and restaurant
development in the downtown. These programs are simply reformatting existing programs and
resources and do not require any new funding
Analysis
With the Downtown Implementation Plan as our blueprint for moving ahead on the strategic
front, we also want to look at how we can make existing programs that are currently offered to
businesses more accessible and efficient.
While it may seem counterintuitive, an economic downturn can be the ideal time to start a
business. It is also a great time for the Village to create a strategy for downtown redevelopment
that will provide a framework for restaurant and retail retention and recruitment programs. Once
the economy does improve, Mount Prospect will be at a competitive advantage and the
downtown will be positioned to thrive.
Downtown Recruitment & Retention Program
September 21, 2011
Page 2
Research suggests that the key to reversing the long -term trend of stagnating incomes in the
U.S. lies in nurturing small, locally owned businesses ( " Does Local Firm Ownership Matter",
David A. Flemming, Stephan Goetz, Economic Develo ment Quarterl August 2011).
Traditionally, such businesses have more of a stake in the community, are more likely to be
involved and engaged with the local consumers. Several studies have shown that money spent
at a locally owned business stays in the local economy and continues to strengthen the
economic base of the community.
Staff is proposing a downtown retention and recruitment strategy to enhance the business
climate of the downtown. Successful businesses can and do exist in downtown Mount Prospect.
There are many opportunities for growth. Mount Prospect has the demographics to support a
healthy retail district: within one mile of downtown, the average household income is $85,000;
within three miles of downtown, the daytime population is 61,354.
The Village will coordinate existing services, programs and resources to make them more
accessible and available to people interested in starting a business in the community. With
recruitment options in hand, the Village will have something to offer prospective businesses;
and offer a solid base of support to existing merchants as well. The programs proposed are
modifications to existing programs and do not require any additional funding,
Modify Fagade and Interior Build -out Program
The first program proposed is a modification to the existing facade and interior build -out
program. Through enhanced marketing of the program and revising it to offer an increased
incentive for restaurant uses, we can support our vision to make downtown Mount Prospect
an entertainment and shopping destination. Through research and interviews with other
successful downtowns in the Chicago metropolitan area, we have learned that retail
development typically follows restaurant development.
2. Retail Incubator Program
The second program proposed is a retail incubator program. Unlike a traditional retail
incubator model (which either offers subsidized shared space or straight rental subsidy), we
are proposing a program whereby we will assist merchants with temporary graduated rental
reduction negotiations with property owners. Businesses located within the TIF District
would also be eligible for the facade and build -out grant. Additionally, the program will
include a required education and mentoring component, which will be available to any
business in town, existing or new. The education component will draw from existing
resources such as the Mount Prospect Public Library and Small Business Development
center which both already offer extensive educational opportunities.
Retail recruitment is not enough - to go out and hand pick retailers considered "cute" or "hip"
without providing a support network of education and mentoring would be imprudent. The
tools must be put in place to help businesses succeed. By working with existing business
owners and business organizations like the Chamber of Commerce and Downtown
Merchants Association, a framework will be developed to work with existing and new
businesses in a deliberate way. Existing successful business owners will serve as advisors
to counsel and give advice.
Downtown Recruitment & Retention Program
September 21, 2011
Page 3
3. Recruitment/Marketing Effort
A more robust marketing effort is also proposed to assist the recruitment and retention
strategy. The Village is doing a number of great things to promote our businesses and our
community, and we would like to expand on them. For example, improved signage in vacant
storefronts can make the downtown more attractive and at the same time serve as a
marketing tool to recruit new businesses by advertising incentive packages. Another
example is offering smaller -scale downtown events such as the series of Friday Concert on
the Green events held this summer. Small scale events have less impact on the Village
budget, still create "a buzz" about the community and can go a long way in promoting a
good feeling among residents. Mount Prospect is a great place — these programs help
communicate our commitment to strengthening downtown Mount Prospect and the
businesses in it.
Recommendation
Staff recommends modifying the fagade and build -out program and implementing the retail
incubator program. The subsequent attachments highlight the details of the proposed programs.
Staff will be available to answer any questions.
Downtown Retail Restaurant Recruitment & Retention Pro ram Overview
1. Develop Team and Tools
• Downtown Implementation Plan (RTA Community Planning Grant — preliminary approval)
• Wayfinding /Streetscape Plan for downtown (Grant application pending)
• Conduct Market Analysis (see scope of RTA Community Planning Grant)
o Data
o Focus Groups
o Resident /Shopper Survey
o Business Wish List
• Create Business Development Team - 5 -7 business people conduct visits to existing and
potential businesses.
2. Programs, Incentives and Outreach
• Business Support Programs
o New Business Expo (Library)
o Mentor Program
o Educational Seminars /Workshops
• Incentives
o Facade and Interior Build -out Grant (existing)
o Retail Incubator Program
o Create sell sheet highlighting business- friendly programs
• Outreach
• One Stop Shop — create favorable business environment by coordinating services
• Build relationships with landlords
• Outreach to local real estate professionals
3. Marketing
• Build on "Experience Mount Prospect" shop local marketing program
(web site, E- Newsletter, Facebook and Twitter)
• Small scale downtown events (Friday Concerts on the Green)
• Develop recruitment package
• Web site improvements targeted toward prospective businesses
• Improved vacant storefront signage
VILLAGE OF MOUNT PROSPECT
FACADE IMPROVEMENT AND INTERIOR BUILD OUT PROGRAM
Downtown TIF District Matching Grant
Program Description and Application
50 S. Emerson Street
Mount Prospect, IL 60056
(847) 818 -5328
PROGRAM DESCRIPTION AND ELIGIBILITY
PURPOSE: The purpose of the Facade Improvement Program and Interior Build Out Program is
to promote revitalization within the TIF District (see map). The image, appearance, and
environment of the downtown are important factors in attracting shoppers and in a healthy
economy.
The goals of the program are:
1. To provide a diverse shopping mix for residents and commuters in the Village's
downtown.
2. To invest in existing businesses and strengthen their appeal to local shoppers.
3. To create an entertainment district in Downtown Mount Prospect with restaurants and
similar uses.
PROGRAM TERMS: The financial assistance is a matching grant (50% of total project cost will be
paid by the Village of Mount Prospect) up to $10,000 for retail uses and up to $25,000 for
restaurant uses. Applicants must install at least $1,000 of improvements to qualify for the
program. The amounts may vary by project and each application is reviewed on a case -by -case
basis. The amount may increase depending on the scope of the work and the need for
improvement.
Building owners in the TIF District are eligible as well as tenants who produce written consent
from the building owner for all proposed improvements. All improvements must conform to
the Village's regulations including, but not limited to, the Zoning and Building Codes. The
municipal code is available online www.mountprosl2ect.org
ELIGIBLE COSTS: Structural and permanent improvements are given priority. Some examples of
eligible costs are:
1. Facade Renovations
2. Lighting
3. Windows / Doors
4. Upgrading / retrofitting mechanical systems
5. Parking Improvements
6. Signs or awnings
7. Life Safety / Sprinkler Installation and Upgrades
8. Reconfiguring of space, furnishing work (i.e. painting, coverings for walls and floors)
9. The Program will fund up to one thousand five hundred dollars ($1,500), for
architectural renderings, engineering services and other soft costs related to the project.
Improvements for street level spaces will be given first priority. FaQade renovation of upper
floors may be eligible if street level improvements are also approved. Any improvements
purchased with the grant must remain in the space should the grant recipient close or relocate
the businesses.
INELIGIBLE COSTS: The following are unacceptable expenditures:
1. Payroll
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2. Day -to -day operational costs (i.e. utilities, taxes)
3. Refuse management
4. Production Equipment
5. Rent
6. Work completed before any Village Facade Program Funds are formally approved by
the Village Board.
TARGETED BUSINESSES: All sales tax generating businesses locating in the TIF district are
eligible for the program. Examples of businesses that the Village would like to attract to the
downtown are:
1. Entertainment Establishments
• Bars, restaurants, family entertainment, such as slot car racing or bowling, or
small theater
• Establishments must predominately "dine -in" format are only eligible for the
program.
■ Non- franchise establishments will be reviewed on a case -by -case basis.
2. Full line grocery or specialty food stores specializing in produce, meats, fish, etc.
3. Apparel and shoe stores
4. Craft stores including knitting, stamping, sewing, paint yourself - pottery and other
venues that offer classes as well as supplies
5. Stationary stores
6. Toys and Hobbies and other children's products
7. Kitchen /home accessories
8. Specialty retail such as purses, accessories
9. Apothecary stores
ORGANIZATIONAL MEMBERSHIP: Recipients of the grant must maintain an active membership
in the Mount Prospect Chamber of Commerce and /or the Mount Prospect Downtown
Merchants Association.
ANNUAL REPORTING REQUIREMENTS: Grant recipients will report their annual sales taxes to the
Village Community Development Department by supplying a copy of the final Illinois
Department of Revenue ST -1 on an annual basis. This information will be held in confidence by
the Director of the Department. An aggregate number quantifying the "sales per square foot"
will be used in business recruitment as this is an important factor in business selection. Data on
individual businesses will not be released.
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TIF MAP:
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PROCEDURES FOR ASSISTANCE
The applicant must submit a completed application to the Community Development
Department. The following steps will occur after staff has reviewed a completed application:
Pre - Application Meeting
The applicant should schedule a meeting with Village Staff to discuss the feasibility of
the proposal.
2. Submittal of Complete Application
The applicant must submit a complete application, which includes the items listed
below.
3. Staff Review
Once a completed application is received, an interdepartmental committee will evaluate
the application. Upon completion, the committee may request revisions to the applicant.
Please note that the committee is advisory and only the Village Board has the authority
to approve or deny an application. When the required revisions have been made, the
application will be forwarded to the Village Board approximately 5 days prior to the
Village Board meeting.
4. Village Board Action
At a regularly scheduled meeting, the Board will conduct a public review of the
application. The applicant is required to appear before the Village Board at the meeting.
Public opinions will be heard at this meeting. Upon the conclusion of the public review,
the Village Board will make a determination on the grant amount. Rehab work may
commence once Board approval obtained.
APPLICATION REQUIREMENTS
❑ Completed application (attached)
• Tax Identification Numbers
• Property owner and business owner contact information
• Plan shall be folded not to exceed 8 1 /2 " x 14" in area
❑ Applicant Affidavit
❑ One copy of paid receipt of the most recent tax bill for the property
❑ Business Plan (see sample)
❑ Projected and past (if available) sales tax revenue
• Sales dollars per square footage of retail space (current and projected)
• Documentation of membership in local business association
September 2011
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SAMPLE BUSINESS PLAN ELEMENTS
Business plan outline should include as many of the following as possible:
1. Description of your business and industry
a. Your business
b. The industry and its history
2. Features and advantages of your product
a. Description
b. Competitive advantage
c. Proprietary position
d. Future potential
3. Market research and analysis
a. Definition of your customers and markets
b. Market size and trends
c. Competition
4. Estimated market share and sales
a. Market plan
b. Market strategy
C. Pricing
d. Sales tactics
e. Service and warranty policies
f. Advertising, public relations and promotions
5. Design and development plans
a. Development status and tasks
b. Difficulties and risks
c. Costs
6. Operation plans
a. Business location
b. Facilities and improvements
c. Strategy and plans
d. Labor force
7. Management Team
September 2011
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a. Key management personnel (credentials/ resume)
b. Management assistance and training needs
8. Overall Schedule
a. Timing of critical activities before opening (e.g. company incorporation,
signed lease, suppliers ordered, employees hired, opening date)
b. Timing of critical activities after opening, (e.g, expansion,
product /service extension)
9. Critical risks and problems (how will you respond ?)
a. Price cutting by competitors
b. Unfavorable industry -wide trends
c. Operating cost overestimates
d. Low sales
e. Difficulties obtaining inventory or supplies
f. Difficulty in obtaining credit
g. Lack of trained labor
10. Financial Plan
a. Profit and loss forecasts for 3 years (first year monthly)
b. Cash flow projections for 3 years
c. Performa balance sheet at start -up, semi - annually in first year and at
the end of 3 years.
September 2011
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APPLICATION
September 2011
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Case Number
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September 2011
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Name
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Relationship to Property
September 2011
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Name
Telephone (day)
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Telephone (evening)
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Zip Code
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Telephone (day) fax
Landscape Architect's Name & Address (if applicable)
Telephone (day) fax
September 2011
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Cz Type of Request (Check all that apply)
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a W Summary of Requested Action
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September 2011
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F mon Address(es) (Street Number, Street)
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Tax I.D. Number or County Assigned Pin Number(s)
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APPLICANT AFFIDAVIT
I have read and understand the terms of the Facade Improvement Program and Interior Build -
out Program and agree that all work performed in conjunction with the aforementioned
programs must comply with all other Village regulations. Additionally, I understand and will
comply with all annual sales tax reporting requirements.
Applicant
Property Owner
September 2011
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VILLAGE OF MOUNT PROSPECT
RETAIL INCUBATOR PROGRAM
Program Description and Application
50 S. Emerson Street
Mount Prospect, IL 60056
(847) 818 -5328
September 2011
PROGRAM DESCRIPTION AND ELIGIBILITY
PURPOSE: The purpose of the Retail Incubator Program is to cultivate early stage, retail businesses to
create a retail sector in downtown Mount Prospect.
A Retail Incubator Program offers an array of business support resources and services, developed and
coordinated by the Village with support through its network of contacts. Successful completion of a
business incubation program increases the likelihood that a start -up company will stay in business for
the long term: Historically, 87% of incubator graduates stay in business (www.nbia.org).
The goals of the Retail Incubator Program are:
1. To enhance Downtown Mount Prospect as a retail location and shopping destination.
2. To invest in new and existing businesses through educational and mentor programs.
3. Provide the Village with a recruitment tool for new retail businesses.
PROGRAM TERMS: The program is available to all prospective Mount Prospect businesses and existing
Mount Prospect businesses. Certain financial components are only available to the TIF district. The
Village will assist with a portion of the build out costs and will sponsor the educational seminars. The
Village will work with property owners and business owners to negotiate an agreement on rent
reduction. The business council will be made up of volunteer business owners in the downtown district
who wish to mentor and advise other emerging businesses.
The participant will receive the following benefits:
Properties located in the TIF District
Properties located outside of the TIF District
1. Training in several disciplines including:
1. Training in several disciplines including:
a. Accounting and Financial
a. Accounting and Financial
Management
Management
b. Legal
b. Legal
c. Inventory Management
c. Inventory Management
d. Marketing
d. Marketing
e. Merchandising
e. Merchandising
f. Interior Design
f. Interior Design
g. Customer Service
g. Customer Service
h. Help with Business Etiquette
h. Help with Business Etiquette
2. Mentoring through the Mount Prospect
2. Mentoring through the Mount Prospect
Business Council
Business Council
3. Rent reduction for 18 months through
3. Rent reduction for 18 months through
participating landlords (recommended
participating landlords (recommended rent
rent schedule below):
schedule below):
a. Month 1 -6: 50% reduction
a. Month 1 -6: 50% reduction
b. Month 7 -12: 33% reduction
b. Month 7 -12: 33% reduction
c. Month 13 -18: 17% reduction
c. Month 13 -18: 17% reduction
4. Build out assistance for storefront (see
downtown facade and interior build out
grant application for terms)
September 2011
The participant must agree to:
Participate in the training and mentoring programs.
Be open for at least 55 hours per week, 6 days per week.
Obtain the services of an accountant and attorney.
4. Meet quarterly with the Mount Prospect Business Council.
S. Maintain an active membership in a local business organization (i.e. Mount Prospect Chamber of
Commerce and /or Mount Prospect Downtown Merchants Association).
PROCEDURES FOR ASSISTANCE
The applicant must submit a completed application to the Community Development Department. The
following steps will occur after staff has reviewed a completed application:
1. Attend Orientation Session
The orientation session will provide a program overview and guidelines the retail incubator
program.
2. Pre - Application Meeting
The applicant will schedule a meeting with Village Staff to discuss the application requirements.
3. Interview and discuss business plan
The applicant must submit a complete application, including a business plan. A sample plan is
attached to this packet. if an applicant does not have a business plan, they will be directed to
work with the Small Business Development Center.
4. Final Interview
Once a completed application is received, a steering committee will evaluate the application.
Upon completion, the committee may recommend revisions to the applicant. Please note that
the committee is advisory and only the Village Board has the authority to approve or deny an
application. When revisions to the application have been made, the application and supporting
materials will be forwarded to the Village Board approximately 5 days prior to the Village Board
meeting. The applicant is required to appear before the Village Board at the meeting.
S. Village Board Action
At a regularly scheduled meeting, the Board will conduct a public review of the application.
Public opinions will be heard at this meeting. Upon the conclusion of the public review, the
Village Board will make a determination on the participation.
September 2011
TIF MAP
The funding for the retail incubator program is provided by the TIF program. Participants must
locate their business within the TIF boundaries.
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EV ENA " M
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APPLICATION REQUIREMENTS
• Completed application (attached)
• Applicant Affidavit
❑ Resume
❑ Business Plan (see sample)
September 2011
SAMPLE BUSINESS PLAN ELEMENTS
Business plan outline should include as many of the following as possible:
1. Description of the business and industry
a. Proposed business
b. The industry and its history
2. Features and advantages of your product
a. Description
b. Competitive advantage
c. Proprietary position
d. Future potential
3. Market research and analysis
a. Definition of your customers and markets
b. Market size and trends
c. Competition
4. Estimated market share and sales
a. Market plan
b. Market strategy
c. Pricing
d. Sales tactics
e. Service and warranty policies
f. Advertising, public relations and promotions
5. Design and development plans
a. Development status and tasks
b. Difficulties and risks
c. Costs
6. Operation plans
a. Business location
b. Facilities and improvements
c. Strategy and plans
d. Laborforce
7. Management Team
a. Key management personnel (credentials /resume)
September 2011
b. Management assistance and training needs
8. Overall Schedule
a. Timing of critical activities before opening (e.g. company incorporation, signed lease,
suppliers ordered, employees hired, opening date)
b. Timing of critical activities after opening, (e.g, expansion, product /service extension)
9. Critical risks and problems (how will you respond ?)
a. Price cutting by competitors
b. Unfavorable industry -wide trends
c. Operating cost overestimates
d. tow sales
e. Difficulties obtaining inventory or supplies
f. Difficulty in obtaining credit
g. tack of trained labor
10. Financial Plan
a. Profit and loss forecasts for 3 years (first year monthly)
b. Cash flow projections for 3 years
c. Performa balance sheet at start -up, semi - annually in first year and at the end of 3 years
September 2011
APPLICATION
September 2011
Case Number
Date Received
z
Business Name
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Name of Business
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of Business
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Street Address
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U O o
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Assigned Mentor
September 2011
Name
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Business Name
Corporation
Telephone (evening)
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Useable SF
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Private Investment
September 2011
Name
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September 2011
APPLICANT AFFIDAVIT
/We certify that all information set forth in this application is a true representation of the facts
pertaining to the proposed business for the purpose of obtaining funding under the Retail Incubator
Program. I /We understand and acknowledge that any willful misrepresentation of the information
contained in this application could result in disqualification from the program, requiring any funds
already disbursed to be repaid in full to the Village of Mount Prospect.
The applicant further certifies that he /she has read and understands the Village of Mount Prospect
Retail Incubator Program Guidelines. The applicant further certifies that, as the date of this application,
there is no signed lease or purchase agreement on the property between the tenant /purchaser and
landlord /seller.
Applicant
Property Owner
September 2011
RTA Grant
Regional,
Tra" ortation 0
Authority
175 W, Jackson Blvd
suite 1980
Chicago, I COB04
(912) 813-3200
WWW.rrAohicago.com
September 15, 2011
Honorable Dan Katowski
State Senator, District 33
350 S. Northwest Hwy Suite 300
Park Ridge, IL 50068
90AR Dear Senator Katowski:
An S. 4etis, }r.
chairman
Over the last several months, the Regional Transportation Authority has
James eu clwan
reviewed numerous I ocal government proposals for transportation- related
Jan Cation
wlwam R, Coulson
projects.. These prolccts are designed to provide value to the region by offering
Rev, L. Tyrone 0 rkfer, Sr.
Pa*k
planning, operating, and capital grants variety of local projects. This type
J, Da renta
V. Fre
of program provides a unique Opportunity for the RTA and its Service Boards to
PhD
Phil rzuen
' �s
AlJourdan
coordinate at the local 10"I to not only create plans or implement pr oject s, but to
Dwight A, Magab
facilitate intergovernmental cooperation and relationship buildi
Andre Rice
O e
Today, I am pleased. to notify you that t Village of Mt. Prospect was selected '
Sloop Harms E. $mlth, M.D.
Dould L. Totten
as Me Of just thirtee lo 9' ch to rfte an RTA grant. Tile
Village of Mt. P1 will be awarded S80,Qo0
Daugiti9 M. r ralsnl
to develop a strategic and
i plan for
to snake recommendations
a transit oriented district
ow
downtown ,
Joseph 0. Costello
Executive Dirertar
S" ely,
3ordan Matyas
Deputy Executive Director
Regional Transportation Authority
.175 W..Ta.ckson + Suite 1650 - Chicago, IL 60604
Ofeice (312) 913 -3142 • Cell (312) 958.9600
E -mail: matyasj@rtachicago.org
0 /VLML ( �e
The below information must be included on the cover page:
Project Title Mount Prospect Downtown Implementation Plan
Legal Name of Applicant Village of Mount Prospect
Address 50 S. Emerson Street
City, State, Zip Code Mount Prospect, IL 60056
Contact Person Clare O'Shea, AICP
Title Senior Planner
Phone Number (847) 818 -5312
Email Address coshea @mountprospect.org
Authorized Official * Irvana K. Wilks
Title Mayor
* The "Authorized Official" will be responsible for executing agreements should the Application be included in the 2012
Community Planning Program of Projects.
2. GIN ERAL— ALL APPLICANTS MUST ANSWER
2.1 Identify the type of project you would like to conduct. This selection will determine the questions you will need to
answer in Section 5 of the application.
• Transit - Oriented Development Plan
• Transit Improvement Plan
• Integrated Transportation and Land Use Plan
The Village of Mount Prospect is proposing to develop a Transit - Oriented Development Plan.
2.2 What are the project's goals and objectives?
Goal: Improve the livability and accessibility of Downtown Mount Prospect through better use of
alternate transportation modes and a mix of land uses.
Objective: Plan for infrastructure/ amenity improvements downtown to enhance its status as a
major transportation hub for the community.
Objective: Study key properties to determine their compatibility for various types of
redevelopment.
Goal: Enhance the economic viability of Downtown Mount Prospect.
Objective: Plan for additional mixed -use development to sustain the fiscal health of public
transportation in Downtown Mount Prospect.
Objective: Create additional residential living options for residents to support the downtown's
commercial, retail, and transit uses.
Objective: Plan for the effective use of remaining TIF funds for additional downtown
improvements.
Goal: Attract new developers, commercial/ retail tenants, and shoppers/ visitors to Downtown Mount
Prospect.
Objective: Provide options, including financial analyses, for the redevelopment of key
properties in the study area.
Objective: Create marketing materials for desired developments and land uses.
Goal: Educate the public about the public transportation system in and around Mount Prospect.
Objective: Provide resources to the public regarding the train, bus, bike, and pedestrian
amenities in Mount Prospect during the public input portion of developing the plan.
Objective: Work with the various transportation agencies that serve Mount Prospect on
i ncorporating into the plan ways bm improve access to and use ofpublic transportation. Shore
the findings of public input regarding public transit with these agencies as well.
2.3 Explain the relationship this study will have to other pastor present planning initiatives?
The proposed Downtown lmmpleuoemtatiuoPtamwviUopdetuand build upon the Downtown TlFDistrict
Strategic Plan O998 & 2002\ and the 2008 Mount Prospect Public Transportation Study. Many o(goals
identified in the Downtown TIF District Strategic Plan have already been accomplished through the
addition of mixed use developments and the new municipal courplex,n/bidzinc|mdemancxpmnde([
Public Library and o new Village Hall, Public Safety Building, and municipal parking garage. Several
downtown properties, however, are still being underutilized and would benefit from reinvestment
and/or redevelopment.
The Mount Prospect PnbUu Transportation Stu identifies the downtown amau important
transportation hub for the Village. Ihln designation comes aam result o{ the close proximity ofthe
Mnkn train station, multiple intersecting bus routes, and access for both pedestrians and bicyclists.
Since the adoption of the Study, the Village has undertaken the development of a Village-wide bike
plan as well as a revised map to encourage more bicycling and to better meet the needs of the local
bDkbzgcmrounomitv.Addidmoulpcdestriao- amd bike-friendly amenity improvements are necessary bn
improve t downtown's viability mmatransportation hub.
2.4 How will the end product be approved oradopted and will therebea commitment towards implementing the
recommendations from the plan?
Upon mrnpletiommlthe proposed Downtown Implementation Plan, the Village Board will adopt the
final report and begin work to implement the document's reconmozcndationu. The Village has mhistory
of following through oo the implementation o{p|mmzecoonomendmhonm,aodemVnatratrd by its actions
following the adoption of the 20A0 Public Transportation Study. Since adopting this plan, the Village
has already begun evaluating existing bike routes, developing wayfinding signs, and studying the
potential annexation of areas which are fundamental pieces to the future transportation system.
2.5 What entities or individuals do you intend to specifically include in the study process?
The Village intends to specifically include local residents, transit uses, bike club members, the Chamber
n/ Commerce, the Downtown Merchants Association, local developers and regional tmomportation
providers io the development ofthe plan.
2.6 Explain how you will engage the public during the planning process.
Mount Prospect recognizes amduodermtundmtbntengaging the public bmthe planning process ie key bo
ensuring that the plan truly speaks ho the needs ofthe community, The Village plans tm gain input from
the public through various workshops, stakeholder interviews, online surveys, and the use of social
media.
2.7 Explain how the pla,n will address the goals/ themes of CMAPs GO TO 2040 Plan with primary focus on the principles
of Livable Communities and Regional Mobility listed below. The full GO TO 2040 Plan can be viewed at
hbp�//w/vvvvcma�i||inois �ov/�04O/main
The proposed Downtown Implementation Plan furthers several goals uFCMAPx Go To 2040 P/m,
specifically livable communities and regional mobility. The theme of livable commuitities stresses the
importanccof spaces that integrate transportation, land use, and housi while theregi mobility
theme prioritizes taki care ufexisting public transportation. The proposed Mount Prospect
Downtown Implementation Plan shares these two goals and will work tV i these goalm.
A livable community embodies many characteristics, but central to the concept is an emphasis on
development patterns that support balanced land use. The 2040 Plan recommends linking transit,
housing and land use as a strategy to enhance the livability of the region. In Mount Prospect's case,
further study of the downtown is important because of the need to emphasize development patterns
that support the use of public transit. Increasing the utilization of public transit reduces reliance on
cars, road congestion, as well as household transportation costs. Compact development contains mixed
land use patterns, encourage the use of pedestrian and bike- friendly elements, and linkages to public
transportation. Future plans for Downtown Mount Prospect must identify how to create linkages
between land uses and modes of transportation.
Regional mobility is closely related to the creation of a livable community. Mount Prospect has long
acknowledged that its location and access to both public transportation and interstate highways has
given it a competitive advantage. These factors have also been important in ensuring a stable housing
market and retaining and attracting businesses. Investing in the existing transportation system, and
planning for multi-modal transportation, will enhance the Village's regional connectivity and attract
homeowners, renters, developers, commuters and business owners.
The 2040 Plan calls on regional and local governments to take care of transit by maintaining and
modernizing existing facilities. Mount Prospect will coordinate with regional and local agencies to
leverage efforts to maintain and modernize existing transportation systems. The proposed Downtown
Implementation Plan will reaffirm the Village's commitment to foster and promote alternate
transportation modes.
Another theme in the 2040 Plan is the promotion of effective governance. Mount Prospect plans to work
with many different stakeholders to develop and implement the plan. Under the direction of the
proposed Downtown Implementation Plan, the Village will work with several units and levels of
government on the implementation of identified recommendations. These efforts will support
efficiency in planning and promote coordination among various agencies.
Section 3: Project Details
3.1 Project Description
Downtown Mount Prospect, centered at Main Street (Route 83) and Northwest Highway, has long been
a symbolic center of the community. Anchored by the Village Hall and Public Safety Building, Public
Library, and Metra train station, the downtown offers a variety of dining and shopping opportunities
for the community. Yet the downtown has been presented multiple challenges over the years for the
Village in developing a cohesive plan to make the area a true destination for businesses, residents, and
visitors. Mount Prospect needs to complete a formal, transit- oriented assessment of its downtown to
determine how it can continue to transform itself in the years to come.
The Downtown Implementation Plan will build on the Village's 1998 Downtown Tax Increment
Financing (TIF) District Strategic Plan, by taking a more comprehensive look at the downtown as a
whole. Since 1998 much of Mount Prospect's downtown has been transformed with the addition of a
new Village Hall and municipal parking deck, 40,000 square feet of retail space, and over 500
condominium units. Continued mixed -use, transit- oriented redevelopment of downtown Mount
Prospect will be essential to its Iong -term viability. The Implementation Plan can also help to outline
strategies for use of the downtown TIF district funds, which are set to expire in 2021. Finding ways to
effectively use these funds to further the growth and development of the downtown over the next ten
years will be crucial when increasing the tax base, and further encouraging additional redevelopment.
Within the downtown, two specific properties require detailed financial analysis to determine their
potential for redevelopment. The first is Sub Area 1 of the Village's downtown TIF district, which
includes a mix of old and new commercial properties as well as some open space. The second is a
small retail strip mall, Central PIaza, located at the northwest corner of Central Road and Main Street
(Route 83). Both of these areas hold prominent locations in the downtown and therefore have the
potential to accommodate residential and commercial uses. As a result, the Downtown
Implementation Plan should investigate how the redevelopment of these properties could enhance
Mount Prospect's central business district.
The Implementation Plans also needs to review how the public's desired uses can fit into the
downtown. The community has expressed their wish for family- friendly restaurants, entertainrnent,
and a grocery store in the Village's downtown. A financial assessment of this type of development is
needed to assess its viability and determine what, if anything, the Village can do to encourage these
types of uses.
Significant opportunities exist within the downtown to improve amenities for pedestrians, bicyclists,
and transit users of both PACE and Metra. Improving amenities will encourage residents and visitors
alike to leave behind their cars and take advantage of alternative means of transportation and explore
the Village's downtown district. The Village's 2008 Public Transportation Study identified the
downtown as a multi-modal transportation hub, connecting various parts of the community and the
surrounding region. Identifying amenities that will make the downtown more pedestrian - friendly,
improve safety for bicyclists, and make public transit more convenient will be incorporated into the
plan.
Mount Prospect needs an updated plan for its downtown that includes property beyond the
boundaries of its TIF district and takes into consideration the transformation of the past ten years. The
proposed Downtown Implementation Plan needs to focus on redevelopment opportunities,
appropriate uses of TIF funds, improving amenities for pedestrians, bicyclists, and transit users, and
balancing the desires of the community with the realities of the market. The community needs a
document that can provide a guide for future investment in its vital core.
3.2 Project Study Area
The proposed study area will consist of a half mile radius, measured from the Mount Prospect Metra
Station, with specific attention on the TIF District boundaries and the mixed use district located within
a quarter mile of the train station.
3.3 Proposed Scope of Work
Task 1: Establish Steering Committee
Description: The Village will establish a steering committee for the project made up of Village Staff
members and representatives from transit agencies. The steering committee will meet to kick -off the
project, before public meetings, and throughout the project to discuss project milestones and
deliverables.
Task 2: Public Participation and Developer Outreach
Description: The public will be engaged through public meetings, workshops, social media and the
Village website. A visioning workshop will be held at the beginning of the project to gather input. A
second workshop will be held to review recommendations and implementation strategies. The draft
plan will then go to the Committee of the Whole for discussion and then begin the formal public
hearing process.
Task 3: Data Collection and Existing Conditions Analysis
Description: The consultant shall review past planning documents and Census data to assess the
current conditions of Downtown Mount Prospect. Information available to assist the consultants
include past planning documents, Census data, average daily traffic counts, bike plan and map,
existing transit services, zoning maps and ongoing projects in the study area.
Task 4: Residential, office, and retail market analyses
Description: The consultant shall review the market conditions of Downtown Mount Prospect for
several different sectors: residential, office, and retail. The purpose of the analyses is to ensure the
recommended land uses are 'in demand' by the community. This analysis will also determine what
type of housing, if any, should be built in Downtown Mount Prospect.
Task 5: Development of concept plans
Description: The consultant shall create concept plans for Central Plaza (22 N. Main Street) and sub
area 1 (area bounded by Northwest Highway, Busse Avenue, and Main Street) and 2 other sites as
identified by the public during the visioning workshop. The concept plans should consider massing,
design, building use, parking, access, and circulation. Two to three scenarios for each property is
preferred.
Task 6: Financial analysis of desired land uses
Description: In addition to the concept plans, a financial analysis of the preferred development plan for
each property is necessary to understand the viability of the proposed uses. The analysis will also be a
tool to help the Village approach developers and business owners to demonstrate the value of
developing land in Mount Prospect.
Task 7: Multi -modal circulation and access plans
Description: The consultant shall identify ways to improve access and circulation throughout the study
area, but will particular focus on improving conditions for transit users. The improvements may
include public infrastructure improvements or recommendations to ease the use among different
transit types.
Task 8: Implementation strategies
Description: The implementation strategies shall be presented in matrix form and include responsible
agency or department, identify agencies with whom to coordinate, costs, potential funding sources,
and time frame.
Task 9: TIF District Review
Description: As part of the Implementation Plan, a review of the TIF District's financial status and a
prioritized spending plan for the next 10 years shall be part of the project. Included in this review
should be potential incentives offered by the Village to attract /retain businesses. The consultant will
also include a list of eligible and ineligible TIF expenses.
Task 10: Marketing Strategy
Description: A marketing strategy will assist the Village in their efforts to promote Downtown Mount
Prospect to prospective and existing residents and businesses. The strategy will build upon the
consultant's market study. The marketing strategy will include the creation of promotional materials
and templates for business recruitment and retention initiatives.
Task 11: Final plan and Village Board adoption
Description: The consultant will provide a final draft plan to the Village and make revisions as
necessary based on feedback from the steering committee and the public.
4. PROJECTTYPE SPECIFIC QUESTIO
A. TRANSIT - ORIENTED DEVELOPMENT PLANS
Below are a set of TOD related goals the RTA would like to achieve through the Community Planning Program. If your
project is primarily focused on transit - oriented development, please provide information explaining how your project
addresses each of the following goals:
4.A.1 RTA HOUSING AND JOBS GOALS
In an effort to reduce the spatial disconnect between job centers and housing the RTA amended their strategic plan in
2009 to incorporate housing related goals. Please describe how your transit - oriented development planning project will
help the RTA meet these goals.
• Aim to connect existing and future regional housing centers to regional job centers by maximizing the existing
transit system.
• Support locating jobs and housing in proximity to one another.
• Support compact, mixed -use development and infill development with access to existing transit services through
coordination.
Support the development of mixed - income, workforce, and affordable housing near transit.
Transit - oriented development promotes a mix of land uses in a compact development pattern. As
Downtown Mount Prospect has been redeveloped over the past 15 years, many of the transit- oriented
development standards, identified in past planning documents, were applied to these projects. Mount
Prospect has seen new development that is compact with a mix of land uses such as housing, retail and
office. Additionally, residential, retail, commercial, office and industrial uses are all located within a half
mile of Mount Prospect's transit center.
Mount Prospect has a mix of housing options, all located within a half mile of the train station. The
housing in the proposed study area ranges from apartments and condominiums to single family homes
and townhomes. Mount Prospect's housing stock offers a range of prices, tenure, and types, which
encourages diversity in the population Iiving near the community's multi -modal transit hub. The Village
encourages mixed use development by permitting the placement of different, but compatible uses in close
proximity to one another.
Downtown Mount Prospect is considered as a "housing center," but does have a small employment center
component. Several job generators include the municipal center, banks and several corporations that
transport their employees via bus from the train station to their business' location. The buses are provided
either privately by the companies or involve a public- private partnership with Pace.
4.A.2 RTA TRANSIT - ORIENTED DEVELOPMENT GOALS
In an effort to define and advance transit - oriented development efforts the RTA passed a TOD policy in November 2010.
Since there is no one -size- fits -all approach to TOD, RTA has identified four key goals with related strategies to best
achieve success. Below are excerpts from the adopted policy. Please describe how your transit- oriented development
planning project will help the RTA meet these goals.
Foster relationships with local jurisdictions, regional agencies, private developers, transit agencies, local
residents and businesses, and other stakeholders to support TOD. Strategies to achieve this goal include:
a) Support CMAP's GOTO 2040 strategy of increasing TOD and encourage many of the transit related
recommendations.
b) Work with advocacy organizations to promote TOD education and best practices.
c) Engage the private sector and local citizens to ensure plans are realistic and implementable.
d) Employ community involvement techniques in the formation of plans that help to reflect the desires of local
citizens.
e) Continue coordination with service boards in TOD planning.
As Mount Prospect embarks on an update of downtown planning documents, involving many agencies
is crucial to assess the existing resources available and to ensure the recommendations will be
implemented. The Village will continue to work with the RTA, Metra, Pace, local developers, bike
organizations, residents, transit users, and other local governmental agencies to develop a plan that
best meets the goals that are unique to Mount Prospect. The Village will reach out to residents for their
opinions through traditional means such as meetings and workshops, but will also include social
media and electronic resources to better gather input from residents and businesses.
RTA, partnering with Chicago Metropolitan Agency for Planning (CMAP), will lead coordination and technical
assistance efforts to implement local TOD plans. Strategies to achieve this goal include:
a) Promote new development around stations that encourages compact design, mix of uses, quality - attractive
buildings, and is pedestrian oriented to allow for easy access to transit facilities.
b) Encourage local municipalities to adopt TOD supportive polices, plans, and zoning for transit stations and
corridors within their jurisdiction that provide flexible framework for TOD and prevent development that
does not support transit.
c) Promote coordination amongst various governmental agencies to facilitate TOD.
The Village will work with the RTA and CMAP on developing and adopting the proposed Downtown
Implementation Plan, which will promote transit- oriented development and access to existing transit
facilities. Past plans have promoted compact design, mix of land uses, and pedestrian oriented
improvements and the Village aims to continue this trend as the downtown continues to develop.
The Village will work with local and regional agencies to educate the public on transit- oriented
development principals and the benefits of compact development. Upon completion of the plan, the
Village will continue to cultivate relationships with governmental agencies through the
implementation of the plan.
Encourage the creation of livable communities at and around transit stations and corridors by supporting high
quality walking environments and promoting multi -modal access to and from the system (through such
strategies as encouraging the location of jobs near existing transit stations and corridors). Strategies to achieve
this goal include:
a) Reduce the access mode share of the automobile by encouraging and enhancing multi -modal access to and
from stations, where appropriate, in partnership with communities and transit providers.
b) Promote reduced commute distances and volumes by encouraging multi -modal solutions that interface with
transit - oriented, mixed -use community development.
c) Promote safe and comfortable walking and biking to and from stations via sidewalks and paths, as
appropriate.
d) Encourage appropriate and innovative parking solutions in the context of the development.
e) Encourage a variety of housing types and price ranges at or around station and corridors where appropriate.
f) Encourage the location of jobs near transit stations and corridors.
g) Promote the strategies and requirements of LEED for Neighborhood Design (LEED -ND), which integrate the
principles of smart growth, urbanism and green building.
Enhancing Downtown Mount Prospect as a multi-modal transportation hub will reduce the number of
vehicle trips per day, which will decrease the congestion on local roads. As gas prices and the costs of
owning a vehicle increase, reliance on public transportation may increase which, in turn, can help to
reduce commuter distances and volumes. Mount Prospect's multi-modal transportation system and
improved pedestrian and bike access will promote safe and comfortable walking and biking to and
from the train station and bus stops.
Recent developments in Mount Prospect have provided a wide range of housing types and land uses.
Past plans, and the subsequent implementation of these plans, have encouraged mixed -use
development, which has enhanced the livability of Mount Prospect. Moving forward, the Village
would like to further diversify its land uses and promote compact development. Additionally, it is
important for the Village to continue its planning efforts to enhance access to public transportation, and
to assess redevelopment opportunities that still exist in Downtown Mount Prospect.
Promote and enhance the RTA's existing transit assets and investments. Strategies to achieve this goal include:
a) Consider TOD as an opportunity to increase the value of land near stations and along corridors.
b) Encourage service boards and other agencies to consider joint development of underutilized properties to
create high quality TOD, where appropriate.
c) Encourage development that makes transit use easy and accessible to generate new riders and revenue.
d) Encourage leveraging federal investment in the regional transit network by ensuring plans provide
information needed for the economic development and community support portions of various federal and
state funding programs.
e) Encourage communities to coordinate with the RTA and the appropriate service boards when evaluating
large -scale development that can affect ridership and use of the transit system.
f) Potentially generate new revenues through increased sales tax, value capture strategies, and farebox
revenues.
The proposed Downtown Implementation Plan will assess the opportunities available at an existing
transportation hub. Mount Prospect's downtown has a Metra train station, several bus routes, bike
routes, and pedestrian amenities. Ridership levels and use of the transit system will likely increase as
the different transportation modes complement each other and work together. The proposed plan will
encourage development and public improvements that increase the accessibility and ease of use near
the train station.
The Village will use the proposed Downtown Implementation Plan when seeking state and federal
funding as part of grant applications or other funding programs. Many grant applications assess how
funding an improvement works with a larger plan for development. The completed Downtown
Implementation Plan will identify improvements throughout the study area, which is evidence that the
project is based on sound planning principles. Additionally, given that the proposed plan has a public
participation component, the recommendations have the public's and stakeholder's support since they
will be involved with the development of the plan.
4.A.3 RTA STRATEGIC PLAN - CORE GOALS
In February 2007, the RTA released the Regional Transportation Strategic Plan. The purpose of the Strategic Plan is to
guide the region in achieving a world -class public transportation system that is convenient, affordable, reliable and safe,
and that is the keystone of the region's growing business opportunities, a thriving job market, clean air and livable
communities over the coming decades.
Through this program, the RTA seeks projects that support the Strategic Plan and are consistent with the four primary
Goals and associated Objectives of that plan, listed below. Please describe how your transit - oriented development
planning project will help the RTA meet these goals.
• Provide Transportation Options and Mobility
Mount Prospect's Downtown Implementation Plan will focus on transit as an integral part of future
downtown development. The Village will promote transit by making improvements to downtown
infrastructure and amenities, as well making conscious decisions regarding land use. The
infrastructure/ amenity improvements will provide better access for bicyclists and pedestrians, which
will make several modes of public transportation easier to understand and use. As a result, public
transportation will become a more viable option for regular commuters, visitors, and occasional transit
users.
The proposed Downtown Implementation Plan will promote transit connections within the larger
region, specifically the Northwest suburbs. Planning for multi-modal connections will encourage the
use of alternate modes of transportation and provide options to residents that are currently reliant on
automobiles. As transit becomes easier to navigate and more accessible residents of Mount Prospect,
and the surrounding communities, will recognize the value of these transit options that allow them to
travel to both local and regional destinations.
• Ensure Financial Viability
The Village will consider the fiscal health of its public transportation system as part of the development
of the Downtown Implementation Plan. The plan will focus on strategies to improve access and
facilitate the use of the various public transportation modes with an expected outcome of increased
ridership. The higher density, compact nature of future development in Downtown Mount Prospect
will also increase the number of residents likely to utilize public transit as the area experiences an
increase in its housing options and, therefore, its number of households.
• Enhance Livability and Economic Vitality
The proposed Downtown Implementation PIan will enhance livability and economic vitality for its
residents, visitors, and businesses. The Village has made transit oriented development a priority in
Downtown Mount Prospect and will encourage a mix of land uses, better access to transit, and more
pedestrian friendly amenities. Housing density is higher in Downtown Mount Prospect than in other
areas of town to create a critical mass of residents, which support other land uses, such as restaurants,
shops, and transit. This compact land use has attracted a diverse population including seniors and
individuals with disabilities because of the increased mobility from public transportation.
By focusing on improving the use of and access to public transportation options, the Village will give
residents a choice in utilizing public transportation instead of a vehicle. With this choice, the proposed
plan and its implementation program will aim to increase transit ridership and thereby reduce the
number of vehicles on the road. The reduction of vehicle miles traveled translates to energy savings
and a reduction in energy consumption.
• Demonstrate Value
a) Realize additional operations support through legislative action
b) Achieve adequate capital funding to move the system towards a State of Good Repair and undertake
selective expansions
c) Manage transit operations so that they are cost and service effective
d) Create and sustain public understanding of the benefits of public transportation
The Village will educate the public about the benefits of public transportation through the public
participation portion of the Downtown Implementation Plan. The plaruning process is also an
opportunity to educate the public on the existing resources in public transportation that Mount
Prospect is afforded. With this education, the Village hopes that residents will consider public
transportation for trips that they would normally take in their car. The long -term benefit of the public
education and understanding is the public will understand that public transit facilities are valuable and
should be supported.
4.A.4 LEVEL OF SERVICE BOARD SUPPORT
Please also be aware that your project will be evaluated on the level of RTA Service Board's (CTA, Metra, and Pace)
support for your project. Extra weight will be given to projects that are on the existing transit system, acknowledges the
involvement of service boards in the planning process, and supports the goals and initiatives of the service boards. No
narrative is needed to satisfy this goal.