Council could end development plans.(News)

0 Comments | Daily Herald (Arlington Heights, IL), May, 2007 | by Selvam, Ashok

Byline: Ashok Selvam Daily Herald Staff Writer Business owners waiting for a definitive answer to the progress of the Dominick's development in Rolling Meadows are seeing their patience tested. They're not alone, as City Manager Tom Melena said Tuesday that if the developer, Bristol Chicago LLC doesn't have its financial numbers together by a May 17 meeting with city staff, he'll recommend to terminate the development agreement.

Bristol has asked for 10 more days to negotiate with the shopping center's owner and business owners within the mall. "We are disappointed at this point they are not prepared to go ahead," Melena said. Tuesday's hearing to modify the TIF at Meadows Drive and Kirchoff Road was to discuss expanding the TIF's property use to...

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