The Village of Oak Park | 123 Madison St.  Oak Park, IL 60302 | village@oak-park.us

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Goal 2: Economic Development

General Vision Statement: Increase the population by an additional 3,000 residents between 2015-2025 and increase the annual sales tax revenue to 8.5 million by 2025. Develop all business districts to be vibrant, welcoming and productive.

SMART Goals:

  • Maintain current affordable housing stock percentage (22.6% from 2018 Report ) and explore advancing additional affordable housing units. Implement initiatives that reduce crime, enhance public safety and increase trust in the police department for all residents and visitors in 2020.
  • Create strategies to allow for larger single family homes to become more adaptable, livable and marketable
  • Promote new developments and businesses to reduce commercial vacancies

Actions:

  • Attract developers
  • Refer to Plan Commission zoning modifications that would allow single family homes to contain distinct living quarters within either the principal or accessory structures.
  • Seek out diverse use types: including Class A Office Space and medium size employers
  • Recruit and maintain sales tax generating businesses

Marketing/Branding Vision Statement: Have an overall marketing plan to promote businesses and residents to move to Oak Park.

SMART Goals:

  • Review marketing plans of Visit Oak Park, OPEDC and implement.

Actions:

  • Fund and implement approved marketing plans

Business Districts Vision Statement: All business districts are vibrant, attractive and productive.

SMART Goals:

  • Increase the vitality of all business districts
  • Increase two way communication to/from business districts

Actions:

  • Facilitate the redevelopment of Madison Street vacant or underutilized lots and vacant buildings
  • Deploy uniform code enforcement Village-wide
  • Emphasize improvements and opportunities on North Avenue
  • Emphasize improvements and opportunities on the East side of the Village