Mount Prospect officials are discussing what it might mean for the village of Union Pacific sells land at its downtown train station for redevelopment.
Mount Prospect officials are discussing the possible redevelopment of land surrounding the downtown Metra train station property, amid reports Union Pacific is looking to sell the land there and at dozens of other suburban commuter stations.
The area in Mount Prospect includes the parking lots along Northwest Highway from southeast of Maple Street to northwest of Route 83.
Union Pacific has been trying to sell dozens of train station properties to a developer, according to village documents, which could mean millions of dollars of revenue for the railroad company. Among the other 40 sites are Arlington Heights, Arlington Park, Des Plaines, Palatine, Barrington, Fox River Grove, Cary, Crystal Lake, Harvard, McHenry, Villa Park, Lombard, Glen Ellyn, Wheaton, Winfield, West Chicago and Elburn.
Assistant Mount Prospect Village Manager Nellie Beckner said village staff is meeting about the possible sale this week.
“Obviously, we would love to have control over the parking lots in the train station, because that’s a key element of our downtown,” she said.
The latest communication from Metra to the village was sent on Sept. 29. It indicated that on Sept. 23, UP informed Metra that the company had entered into an agreement to sell the property at 41 stations for approximately $50.9 million.
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