The village of Glenview has taken the first steps toward its largest land redevelopment effort since the transformation of the shuttered Naval Air Station Glenview into the residential, commercial and recreational center The Glen in the early 2000s.
The Village Board on Nov. 4 voted 5-0 to purchase the former Signode Industrial Group campus, located northeast of Pfingsten Road and West Lake Avenue, and east of Glenbrook South High School.
The village will pay $23.4 million for the 56-acre site using cash reserves from several funds within the municipal budget, said Deputy Village Manager Maggie Bosley. However, potential environmental cleanup costs are not yet known, another official said.
According to village officials, the purchase will not result in new taxes to the village.
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