STAND ON OUR RECORD!
The Village of Tinley Park currently ranks among the top 5% of the most fiscally responsible and well managed municipalities in the nation, and has one of the strongest and most stable economic climates in the Midwest for its residents and businesses.
This is attributable to the hard work and dedication of Greg Hannon, Patricia Leoni and Thomas Staunton, who are currently running for office, and Mayor Edward Zabrocki, Village Clerk Patrick Rea, and Trustees David Seaman, Brian Maher and T.J. Grady who currently serve in that same way.
Since 2008, the Village of Tinley Park has maintained an excellent credit rating AA+.
This rating allows the Village to operate effectively and economically to the taxpayers. Part of the financial strategy of the Mayor and Village Board over the years has been to refinance previously issued bonds at a lower interest rate; very similar to refinancing your home which saves taxpayer dollars.
Building the Convention Center and it's addition, the Train Station on Oak Park Ave. and the new 80th Ave. Train Station, have made Tinley Park a focal point in the South Suburbs. The Convention Center is being paid through TIF dollars with no additional tax burden to the community. The 80th Ave. Train Station was a joint venture with Metra and is funded by several Federal Grants and funding streams set aside by the Village that will not add to taxpayer burden.
Economic Development and Real Estate activity.
To: Mayor and Board
From: Ivan Baker, Director of Economic Development and Yuije Sansone (intern) - Economic Development
Information on Economic Development and Real Estate activity. Note the Residential trend chart attached (below).
63 new businesses opened in Tinley Park last year, creating more than 700 new jobs.
These included: Anvil International, distributor of pipes and pipe fittings that employs 95 people.
Pier One, Angelo`s Market, Advance Auto Parts, El Coco Mio Restaurant, Siam Marina Restaurant, Joy Yee Noodle Restaurant, Party Fortress, Sleepy`s, and Hailstorm Brewing.
275 NET New Businesses opened in Tinley Park since 2008 - past 7 years - even during recession, business growth continued strong.
Village Economic Development office assisted expanding businesses with real estate issues, financing information, and incentives. Village Planning and Building worked closely with the businesses to insure quality developments.
940 more Tinley Park citizens are working today, compared to a year ago.
Unemployment is down to a low 5 percent - lower than both Will and Cook Counties, the south Chicago area, Metro Chicago region, State, and United States... and a full 2.3 percent lower than a year ago.
Total Building Permits for the year were up 12 percent... .with new residential permits up 31 percent.
With the leasing of several buildings in the Business Park, the purchase of the former Library Building and Tinley Fitness Center, plus the purchase and planned site redevelopment of the former Blue Fox and Chick`s Drive In...
Commercial Vacancy rates are the lowest since the recession - with a total vacancy rate of only 8 percent
And a Downtown Occupancy rate of 94% percent
As we benchmark our success with other comparable cities in Illinois and in the Midwest, Tinley Park continues to outpace our competitors in Education Quality, Retail Sales, Projected Job Growth, Income, Low Crime, and Income growth. Our diverse economy, attractive quality of life, stable and fiscally strong government, and business climate will continue to be an advantage for our citizens and employers.
Prospect and business development activity is up in all parts of town. Strong Multi Family development interest, but also real estate negotiations in place throughout the Village.
Thank you for promoting successful policies that create a Great and Competitive Business Climate in Tinley Park.
Ivan Baker, CEcD, AICP
Director of Economic Development
Tinley Park, Illinois “Chicago`s Great Southwest”
First and Only Accredited Economic Development Organization in Illinois
Vote for Team Tinley on April 7th to keep Tinley Park a great place to live and raise our families.
A copy of our report filed with the State Board of Elections is (or will be) available
for purchase from the State Board of Elections in Springfield, IL.
Paid for by Team Tinley 2015.