Since we held our community Open House in June, we’ve been busy gathering your feedback, addressing your concerns and listening to your ideas and suggestions for Compass Business Park.
The result is a thoughtful, master-planned development that addresses community needs, maintains quality of life and supports a vision for safe, responsible development.
We filed an application with the Village of Elwood for consideration by the Village’s Planning & Zoning Commission to begin the first half of Compass Business Park just east of Route 53 in Elwood.
The application addresses a narrow set of topics under the jurisdiction of the Planning & Zoning Commission – primarily the rezoning of the land and a recommendation for annexation.
The application establishes a clear set of minimum guidelines and standards that generate maximum benefits for residents and the Village.
The Planning & Zoning Commission will meet to review this application. The Village Board will ultimately consider the rezoning and annexation , which will cover benefits, financial terms and other details.
We wanted to give you the opportunity to learn more about the plan and see for yourself.
Empowering the Community
Capturing the growing demand to benefit area residents
Controlling Truck Traffic
Dedicating a “closed loop” to keep trucks off local roads
Partnering with Elwood
Building meaningful relationships and career opportunities
Generating Economic Growth
Providing long-term economic benefits to the community
No Risk to Taxpayers
Bringing risk-free investment to Village and taxpayers
- During the last 10 years, Will County has experienced a 138 percent growth in freight, compared to: Chicago (10 percent); Kansas City (9 percent); Los Angeles (4 percent); and Memphis (3 percent).
- Recent expansion efforts at the BNSF Logistics Park in Elwood added five strip tracks and state-of-the-art equipment to improve efficiency and capacity. BNSF recently expanded, increasing the number of lifts by 50 percent to 1.5 million lifts annually from 1 million shipping containers passing through the area.
- Since opening in 2010, the Union Pacific’s Global IV Terminal in south Joliet has reached its full capacity, more than quadrupling its number of lifts annually from 118,461 in 2010 to 499,306 in 2016. The terminal has reached its capacity and plans to expand the intermodal are under way.
- Expansion at the intermodals means more volume, more trucks and more demand for warehousing along the Route 53 Corridor. As a result, more commercially zoned property and warehouse development are surrounding Village borders to the north and east, and more is needed to meet the demand. Larger warehouses are popping up closer to Elwood on Route 53.
- By annexing vital unincorporated land into Elwood east of Route 53, the Village benefits from long-term revenue and new projects that align with the needs of the community.
- NorthPoint is working with Village officials to ensure safe design, construction and operations.
Empowering the Community
More warehousing and distribution are going up along the Route 53 Corridor to meet the demand created by the UP and BNSF facilities. The Village of Elwood has an opportunity to capture this demand to benefit area residents.
We are committed to listening to the community and welcome your feedback to hear your ideas, concerns and needs.