The Flossmoor Village Board approved an ordinance May 4 authorizing the acquisition of multiple commercial parcels from the Cook County Land Bank Authority, advancing efforts to redevelop the long-vacant office condominium complex.
The ordinance approves a term sheet outlining the village’s purchase of five office condominium units within the Flossmoor Office at 1835 Dixie Highway. The agreed purchase price for the properties is $50,000, according to the term sheet.
Under the agreement, the village will…
