Title
Yorktown Center Presentation
Body
PURPOSE
Pacific Retail Capital Partners, the majority owners of Yorktown Center, will be attending the meeting to share an overview of current initiatives and future development projects.
BACKGROUND & RATIONALE
A presentation by Pacific Retail Capital Partners - the majority owners of Yorktown Center - is important for the Economic and Community Development Committee because it provides valuable insight into the current and future vision for one of the Lombard’s most significant commercial assets.
As a major retail and mixed-use hub, Yorktown Center plays a critical role in local economic vitality, job creation, and tax revenue generation. Hearing directly from the owners allows the committee to better understand redevelopment plans, investment strategies, and potential impacts on infrastructure, housing, and public services.
This dialogue also fosters collaboration, ensuring that future development aligns with the community’s goals and long-term planning objectives. (DISTRICT #3)