The Glenview Village Board of Trustees on June 21 agreed with the City of Prospect Heights to proceed with the annexation of Allstate Insurance Company headquarters property to Glenview.
Glenview has new commercial property annexed to the village, which will generate lost tax dollars for schools.
Last year Allstate announced the sale of its property for $232 million. Allstate plans to sell portions of its corporate headquarters in unincorporated Cook County to Dermody Properties, a national developer.Annexation and development applications were submitted by Allstate, the current land owner, to annex approximately 280 acres of land to Glenview with 230 acres proposed to be redeveloped by Dermody into a logistics campus.
The Glenview Village Board voted unanimously on June 21 in favor of the plan. The Prospect Heights City Council on June 13 alsoPresently, the land near Winkleman Road and Sanders Road is secured by barbed wire topped fencing and padlocks. The land is overrun with weeds and tall grasses in open land where birds and other wildlife have found temporary homes in the brush and along distressed out buildings.
In 2025 and beyond, the minimum sharing payments to Prospect Heights become $280,000 based on the 18 % sharing formula.
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