New Lenox Park District

New Lenox Park District Holds Hearing on Potential $1.5 Million Bond Sale for Future Projects

Spread the love

New Lenox Community Park District Meeting | August 2025

Article Summary: The New Lenox Community Park District is exploring a significant capital funding measure, holding a public hearing on a proposal to sell up to $1.5 million in bonds. The funds would be earmarked for acquiring land and for building, maintaining, and improving park facilities across the district.

Park District Bond Proposal Key Points:

  • The district held a public hearing for a proposal to sell bonds in an amount not to exceed $1.5 million.

  • Proceeds would be used for land acquisition, park development, and facility improvements.

  • No members of the public attended the August 20, 2025, hearing to offer comment.

  • A final decision on the length of the bonding authority is expected by November.

The New Lenox Community Park District on Wednesday, August 20, 2025, held a public hearing on a proposal to sell up to $1.5 million in bonds to finance future land acquisition and park improvement projects.

The hearing, held just before the regular board meeting, provided an opportunity for public comment on the potential debt issuance. Board President Schulz read the official purpose of the proposal aloud, stating the funds would be used “for the payment of land condemned or purchased for parks, for the building, maintaining, improving and protecting the same and existing land and facilities of the District and for the payment of the expenses incident thereto.”

No residents attended the brief hearing to speak on the matter, and the board took no formal action on the bond sale itself.

However, during the subsequent regular meeting, Commissioner Ott noted that bond information for the upcoming year was included in the board’s meeting packet. He explained that the district has the option to structure the bonding authority for longer than a typical three-year period, but that this is a strategic decision that will be discussed further and likely decided upon by November.

The potential infusion of capital comes as the district is actively managing several large-scale development projects. Work has already begun at Teerling Lakes Central Park, a property the board officially voted to annex later in the same meeting. At Sharon’s Bay Park, a redevelopment project funded in part by a state OSLAD grant, work began on August 5 with the removal of old playground footings and excavation for a new basketball court.

The board’s consideration of the bond sale signals a forward-looking approach to funding the ongoing maintenance and expansion of the district’s recreational assets.

Events

No events

Leave a Comment





Latest News Stories

Illinois quick hits: $20 million for Alton housing project; alleged migrant assaults reported

Illinois quick hits: $20 million for Alton housing project; alleged migrant assaults reported

By Jim Talamonti | The Center SquareThe Center Square $20 million for Alton housing project Gov. J.B. Pritzker and the Illinois Housing Development Authority announced the opening of a $20...

WATCH: Illinois DCFS can’t locate documents showing number of missing children

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Documents to show the number of missing youth in care from the Department of Children and Family...

WATCH: Pritzker: ‘Government isn’t always the best option’

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker says government is not always the best option when it comes to private...
FAA announces flight reductions due to government shutdown

FAA announces flight reductions due to government shutdown

By Andrew RiceThe Center Square The Federal Aviation Administration said Wednesday there would be a 10% reduction of air traffic in 40 locations across the country due to the ongoing...
U.S. Supreme Court frosty on Trump's tariff power as world watches

U.S. Supreme Court frosty on Trump’s tariff power as world watches

By Brett RowlandThe Center Square The U.S. Supreme Court gave President Donald Trump's tariff authority a chilly reception on Wednesday, with his economic agenda hanging in the balance and businesses...
California invests in visas, legal immigration

California invests in visas, legal immigration

By Andrew RiceThe Center Square In recent years, California lawmakers and immigrant advocates have rallied around federal visa programs to pursue legal immigration pathways for immigrants in the state. Universities...
Group seeks probe into Illinois law requiring grades 3-12 mental health screenings

Group seeks probe into Illinois law requiring grades 3-12 mental health screenings

By Tate Miller | The Center Square contributorThe Center Square (The Center Square) – A law firm is urging a federal investigation into a new Illinois law, arguing that the...
Reason Foundation: No turning point yet in Illinois on pension debt

Reason Foundation: No turning point yet in Illinois on pension debt

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A new report says Illinois has the highest per-capita unfunded state and local pension liabilities in the...
Lawmakers weigh in on how the 'Blue Wave' will impact shutdown negotiations

Lawmakers weigh in on how the ‘Blue Wave’ will impact shutdown negotiations

By Thérèse BoudreauxThe Center Square The current government shutdown is the longest federal funding lapse in U.S. history as of Wednesday; however, the results of Tuesday's elections have only solidified...
Supreme Court weighs challenge to Trump's tariff power

Supreme Court weighs challenge to Trump’s tariff power

By Brett RowlandThe Center Square President Donald Trump's global tariffs are under question as the U.S. Supreme Court hears one of the most significant economic cases in decades with wide-ranging...
Supreme Court justices question businesses challenging Trump's tariffs

Supreme Court justices question businesses challenging Trump’s tariffs

By Brett RowlandThe Center Square The U.S. Supreme Court presented tough questions to two lawyers challenging President Donald Trump's use of a 1977 law to impose tariffs on nations around...
The Patio Restaurant

New Lenox Board Gives Preliminary Approval to ‘The Patio’ Restaurant Amid Traffic Concerns

New Lenox Village Board Meeting | October 27, 2025 Article Summary: The New Lenox Village Board granted preliminary approval for a special use permit for The Patio restaurant, a popular family-owned...
Will Dial-A-Ride Service

Will County Committee Advances Phased Takeover of Central Will Dial-A-Ride Service

Will County Public Works & Transportation Committee Meeting | November 2025 Article Summary: The Will County Board approved a five-year plan to consolidate the Central Will Dial-A-Ride service into its...
WATCH: System for ballooning diversity program criticized; prisons wrestle mail scanning

WATCH: System for ballooning diversity program criticized; prisons wrestle mail scanning

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop talks live with...
Illinois quick hits: Tax Competitiveness Index released; IDOT career fair in Springfield

Illinois quick hits: Tax Competitiveness Index released; IDOT career fair in Springfield

By Jim Talamonti | The Center SquareThe Center Square Tax Competitiveness Index released The Tax Foundation’s annual State Tax Competitiveness Index ranks Illinois 38th out of 50. The Land of...