Rosemont to sell 14 acres for indoor shopping mall

Full story: Chicago Tribune

Rosemont has agreed to sell 14 acres of village-owned property to a joint venture that plans to build a $275 million enclosed outlet mall in the northwest suburb, officials said Wednesday.
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1 - 20 of 69 Comments Last updated Mar 17, 2014
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Elijah Cummings

Chicago, IL

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#1
Mar 5, 2009
 
Fix it!!
Anthony Ward Sr

Bensenville, IL

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#2
Mar 5, 2009
 
Just what we need another Mall

People WE don't need this, another way to spend money we do not have.
What we need is Industry to give us economic stabitity
Ah Choo

Pleasanton, CA

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#3
Mar 5, 2009
 
Great, an outlet mall to sell stuff made in China to people who can't afford to buy anything. Just what we need!

How about if instead the developers put up a design center to sell stuff made by Americans? Maybe a showcase for American artists, designers, and inventors?

Then maybe something like that could get financing through the stimulus plan. AND it would be something different, outside the box, and a destination for both commercial buyers and average consumers who want to support Made in USA.
Chinamerica

Mchenry, IL

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#5
Mar 5, 2009
 
The reason Obama has no stimulus incentives for American manufacturers is because he does not want to upset China. If he does, they will not buy American Bonds that must be sold to pay for the stimulus which is being funded by a federal deficit.

China knows that American manufactures can compete with them if modern high production machinery is used. That type of machinery is expensive and most manufactures today cannot justify or afford to buy them without tax incentives. So American manufactures just continue to use labor intensive old machinery until they go bankrupt. Then the old machines are sold to China.

Our congressman are all lawyers so they just can't grasp the concept of how manufacturing of vital products in Amreica provides both jobs, job training and advancement, independence from foreign influences, and security.

So sad.
NIBW

United States

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#6
Mar 5, 2009
 
With the amount of vacant retail space in the Chicagoland area do we really need to further pave, construct and bleed dry local businesses that are already in crisis?
Some responsibility here please!
Sucker State

Homer Glen, IL

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#7
Mar 5, 2009
 
Just keep Shopping.
Dumb As Bricks

AOL

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#8
Mar 5, 2009
 
Building yet another Mall - let alone a giganto, is foolhardy - when consumers are learning [finally] that shop'n retail is akin to getting mauled. Where's the added value for the HUGE mark-ups? Where's the staff that know the inventory and/or how to 'service' consumers? Yeah - right? I venture into retail facilities to kick the tires, but, I almost always buy over the Internet. Buying retail is for chumps. Once I know what I desire, I can research over the Internet and price-compare. It is still common to receive free shipping and no sales tax. Sure, I have to buy produce, dairy products and assorted odds and ends retail, but, ALL major purchases are performed over the Internet. Once I know which vehicle I want to pursue {having gone to a dealership to test drive and determine which options} I'll word-process up an RFP [request for proposal] specifying precise particulars and - having called ten dealerships, I'll fax the RFP to the sales-manager. The lowest bidder wins. I recently had a dealership in St. Louis offer to drive/deliver a vehicle here for free - and they were the lowest net quote. I can get manufacturer's warrantee service at any local dealership.
No, mega-giganto-Malls - let alone in an already profoundly congested demographic, are not only not indicated, they're counter-indicated. Sure, Rosemont might capture some [I stress the word 'some'] business from out of town suckers, but - come on, the Crook County sales-tax, the congestion, the mark-ups, the... nonsense of it all.
Bricks and mortar are so... outdated. I'm not paying for someone else's bricks and mortar, staff, inventory carrying costs, utility bills, real-estate taxes, sales taxes, etc, etc.
Sorry, I prefer to lower my net costs by 35-60% as a norm.
Dumb is as dumb does and mega-giganto-malls {and those who shop at them} are just plain DUMB!
Silly

Chicago, IL

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#9
Mar 5, 2009
 
That's what Rosemont needs - more traffic. But, Rosemont is smart. The idea is to surround the mall with red-light cameras. Look at Schaumburg and how much money they made off the cameras next to their mall. Of course, Schaumberg was stupid for disabling the cameras for right-hand turns, just because people threatened to stop shopping at the mall. Schaumberg didn't realize that the red-light runners would still go to the mall. They just do not want to stop. Schaumberg's loss, Rosemont's gain?
Local

Chicago, IL

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#10
Mar 5, 2009
 
Are there even 120 retailers who have maintain "outlets" anymore? I see a lot of nail salons and ice cream shops in that place, if it ever gets built...
Starstream880

Manchester, NH

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#11
Mar 5, 2009
 
Ah Choo wrote:
Great, an outlet mall to sell stuff made in China to people who can't afford to buy anything. Just what we need!
How about if instead the developers put up a design center to sell stuff made by Americans? Maybe a showcase for American artists, designers, and inventors?
Then maybe something like that could get financing through the stimulus plan. AND it would be something different, outside the box, and a destination for both commercial buyers and average consumers who want to support Made in USA.


Agree,.. more stores, selling the same stuff as a thousand others. Just what we need, though it fits in perfectly with the New Economy as envisioned by the "free trade" Cognitive Elite. Also agree on made in USA .. problem there is that for decades, Joe and Sally American Consumer would not pay $0.10 more for something made here even on those rare occasions when they'd interupt their "shopping entertainment experience" to check for country of origin. However, even as the American Consumers own jobs were consequently relocated to our numerous trading "partners", they still didn't get it and placidly lined up for the 21st century "information technology" jobs. Or services ... don't forget the services.
Mark

Villa Park, IL

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#12
Mar 5, 2009
 
Yes, because in THIS economy, we need another mall.

It would also be great if the mob could keep it's dirty little fingers out of everything Rosemont.
Jamal

United States

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#13
Mar 5, 2009
 
The fact is, developers do not want to have to deal with Chicago's ordinances and aldermanic "gifts" to wish to build anything in Chicago. It's much easier in the burbs like Rosemont which actually welcome stores and employers. The Chicago City Council, on the other hand, has driven away businesses with high taxes, threat of "living wage" ordinances, and the "extra" costs of getting zoning permits from autocratic aldermen. And who can forget how many Walmarts and Targets the Council has kept out of the city solely because the aldermen are toadies for the unions. Result: No jobs, no sales tax income, and no inexpensive food and merchandise for citizens in black neighborhoods.
Alex

Glen Ellyn, IL

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#14
Mar 5, 2009
 
Just another hang out for the kids!
Trend Away from Malls

Springfield, IL

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#15
Mar 5, 2009
 
There has been a general trend away from these monster malls and all of the parking, traffic, access time in-and-out headaches that come with it over the last decade. Between internet and lifestyle centers this is just another boondoggle. Agree with other poster here about how retail has "jumped the shark" and is for chumps too. Seems like Rosemont is always 25 years behind the development curve. Bad for local shopping, bad for development just another bad idea.
Pete

Chicago, IL

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#16
Mar 5, 2009
 
Someone needs to tell this Offit dreamer about the huge glut of excess retail and commercial space in general. It will only get bigger as more stores close and file for bankruptcy. He obviously doesn't realize that this is why no bank will finance the project.
Joe

Chicago, IL

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#17
Mar 5, 2009
 
Another shopping district right on the outskirts of Chicago. Great job City Council! Keep those anti business land use and tax policies comin'.

As for those criticizing this development during the bad economy, it's an OUTLET mall. It will draw people from Michigan Ave/State Street who wish to avoid the city tax rates and price markups.

But hey, maybe if Daley's brilliant O'hare Block 37 express train idea ever goes through, it will be even easier for people in Chicago to avoid the city tax.
whoo boy

United States

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#18
Mar 5, 2009
 
Chinamerica wrote:
The reason Obama has no stimulus incentives for American manufacturers is because he does not want to upset China.
Where did you get that from - Rush Limbaugh?

Please - we don't need another mall. I already do not shop at the others.

And Rosemont 'agreed' to sell the land? snort
Matt

Chicago, IL

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#19
Mar 5, 2009
 
You have got to be kidding me. We have malls in this region suffering, others are closing, and yet they are building a new one? This just goes to show how backwards the retail industry is...
Janet

Naperville, IL

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#20
Mar 5, 2009
 
Just what Rosemont kids need...a place to hang-out so that their parents don't need to monitor them. Maybe if Rosemont built a library instead...
What a joke.

Joe wrote:
"As for those criticizing this development during the bad economy, it's an OUTLET mall. It will draw people from Michigan Ave/State Street who wish to avoid the city tax rates and price markups."

If I am not mistaken, Rosemont is in Cook county. Same taxes. Plus they will be gouging all the people that stay in the local hotels by marking items up.
Economan

Chicago, IL

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#21
Mar 5, 2009
 
Great idea this mall. Another 120 vacant store fronts on the way.

Honestly, this thing will never get off the ground. Who will finance it?

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