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211th Street TOD Plan - Phase Two - Park Forest, Matteson and Olympia Fields, Illinois


Illinois, United States
RFP
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211th Street TOD Plan - Phase Two
Park Forest, Matteson and Olympia Fields, Illinois

The 211th Street TOD Plan was a joint effort of the three Villages and was completed in November 2007. In order to attract a developer, or developers, to implement the 211th Street TOD Plan, and ensure that the redevelopment is of the highest quality possible, additional planning work and financial analysis is needed. This includes amendments to the municipal development regulations to permit transit oriented development, the creation of corridor design guidelines, a detailed analysis of the financial incentives possible for implementation of the Plan, and a financial analysis and development pro forma to determine site preparation costs and projected property values based on the Plan. More detail about each of these elements of the scope of work is provided in the Request for Proposals.

The full RFP includes details about the Study Process that is expected, including the process for ensuring public participation. It also provides details about the expected format of the proposals and the criteria and process for evaluation of proposals. A short list of qualified Consultants will be interviewed in early December by a Steering Committee made up of representatives of the three Villages. Contract approval is expected to occur in January 2011, with the start of the study to follow immediately. Because this is a grant funded study, all work must be completed no later than May 31, 2012.

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