Why no comers but Clark Street for Colt development?

The Village went looking for other developers for the long-empty Colt (Building) site in Downtown OP, but got no takers from more than 120 developers and brokers who were asked.

Trustee Ray Johnson said he was disappointed there were no other proposals which to compare the Clark Street proposal. The footprint of the development site, he noted, had changed dramatically since Clark Street first made a proposal in 2007.

Also could be that others saw the trouble Clark Street had getting to this point in dealing with sluggish Oak Park, as cited by now President Anan Abu-Taleb during the recent election campaign, when he said:

We have to change perceptions of Oak Park among developers. They see OP as “undecided,” too fussy and hard to deal with. A developer has to move fast.

To which his opponent, John Hedges:

We develop in Oak Park “for the community, not for the developer.” In Oak Park a project requires “a lot of input” from citizens. “We cannot [simply] give the developer his way.”

This Colt development, which would change the face of Oak Park’s downtown, is the new board’s trial run as Oak Park’s shepherds of development.

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