Buying the land also gives the city a chance to look at expanding that section of Bilter Road to four lanes. John Curley, Aurora’s chief development officer, said the Bilter Road purchase is “time sensitive,” and the city needs to “beat the speculators” who might be interested.
Prime outlets aurora full#
“For this investment (Bilter Road), our full goal is to have it paid back by private sources,” Lyons said. Lyons said he has prepared a report for the City Council that summarizes the city’s current debt – even non-development related debt like public safety pensions and retirees healthcare – that he would present soon. He said with the land purchase along Bilter, while future development would pay the money back to the city, the city is still buying something that “has value to it right away.” Martin Lyons, Aurora’s chief financial officer, said the lines of credit are considered short-term financing and are to be paid back by private money when development occurs. The previous lines of credit were to help finance redevelopment incentives the city has committed to downtown and on the far East Side. Cars were lining up before dawn on Thursday, and testing began at 8 a.m. Interested job seekers should directly apply with each store or restaurant, per the instructions contained within each unique job posting. The Aurora site, located at the Chicago Premium Outlets at 1650 Premium Outlet Blvd, opened Wednesday. Located at 1650 Premium Outlets Blvd, shop the latest Gap Factory collection of womens and mens clothing with a modern interpretation of our denim roots. To pay for the land, the city envisions opening up another $10 million line of credit with a local bank, similar to two, $10 million lines of credit it approved recently and is in the midst of setting up with Old Second National Bank and Fifth Third Bank. The below unfilled shopping center job positions are exclusively available within these stores & restaurants within the various listed Simon properties below. “The vision here is, we’re now at a point where we need to take the action step,” Alexandrou said. Overall, city officials said it is a positive step to assemble the different properties to keep development momentum in the Farnsworth Corridor. That land also has been discussed as a home for a hotel and convention center. The city also recently purchased the former Motel 6 and Fox Valley Inn properties right on Farnsworth, which are next to a parcel the city already owns. Hollywood Casino and city officials lobbied in Springfield to get that legislation, and Aurora representatives downstate had a lot to do with sponsoring and pushing it.Īlexandrou said both Hollywood Casino and Simon, owner of the outlet mall, have been very interested in talking to the city about the future of the land along Bilter. The city has talked to Hollywood Casino about possibly relocating there, and a bill that recently passed the General Assembly now allows casinos to relocate off the waterways they have previously been tethered to. “It’s building upon the success of the outlet mall,” he said.
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