Will County Accepts $140,000 Developer Donation for Road Improvements
Will County’s Public Works and Transportation Committee accepted a $140,143.90 donation from a developer in lieu of constructing traffic improvements along Laraway Road.
The donation comes from the Lakes Park subdivision development and will be used for county road improvements in the area, including left and right turn lanes that will serve the new subdivision.
Director of Transportation Jeff Ronaldson explained that when developers need traffic improvements but the county has its own construction project planned nearby, the county can accept a monetary contribution instead of having the developer build temporary improvements.
“When a development comes in and they need to do turn lanes or improvements along the roadway and we also have our own project coming along right around the corner, we don’t feel it is necessary for the left turn lane to be in while it’s being constructed,” Ronaldson said.
The Lakes Park development is located along Laraway Road in county board District 2. The donation amount represents 130% of the estimated construction cost, providing a contingency in case bids come in higher than expected.
Committee member Mark Revis questioned whether the county could negotiate for a higher percentage, but Ronaldson said 30% is the industry standard contingency.
The committee approved accepting the donation unanimously.
Latest News Stories
ExxonMobil shareholders approve plan to redomicile to Texas
U.S., Iran may be on the cusp of tentative ceasefire extension
Pritzker indicates he’ll sign new insurance regulations
Election 2026: For one of the four seats, trouble brews
Treasury reveals how to sign up for Trump Accounts on new app
Republicans claim fake transparency in early budget, demand better
Ceasefire in question as U.S. accuses Iran of violations
Supreme Court rules against prison sentence reductions
Illinois may take DOJ ‘Anti-Weaponization’ payouts from residents
Supreme Court rules in favor of racially biased jury claims
Poll: Voters have unfavorable opinions of Owens, Shapiro, Kirk, Pratt
Illinois Quick Hits: Waukegan official charted with casting dead mother’s ballot