Sexton wants to be on winning end of Plaza deal

  • Written by Bob Rakow

Evergreen Park Mayor Jim Sexton doesn’t like to lose—not even when he plays board games with his grandchildren, he joked recently.

“I don’t like to lose,” Sexton said. “I typically win.”

That’s the approach the mayor is taking as he aggressively negotiates some sort of development deal for the Plaza.

“I’m right in the middle of the game. I’m right in the midst of things,” he said.

The game clock is ticking in the Plaza negotiations, as the village’s memorandum of understanding regarding a redevelopment plan with UP Development, a real estate firm based in Nashville, expires at the end of January.

Under the terms of the memo, the village said it would consider providing UP with around $10 million in funds raised through a new bonding district on the property, provide a sale-tax reimbursement to the firm and issue other incentives, Crain’s reported.

If the memo expires, the village could agree to another one with UP Development or putting the project out to bid again, Sexton said.

The mayor said he’s involved almost daily in efforts to get a deal for the shuttered mall accomplished before the memo of understanding expires on Jan. 31.

“It’s a daily fight,” Sexton said. “I’ve been working on it. I’m still very confident that something will happen.”

He added that all of the players involved must understand that nothing gets accomplished without a partnership with the village.

The battle to breath new life into the iconic shopping center at 95th Street and Western Avenue has been a prolonged one.

As recently as November, Sexton hinted that plans for a lifestyle center at the site of the Plaza were “inching closer” to reality. He brought it up at the State of the Village Address at the village’s Community Center.

But news hit the mayor and the village hard as Crains Chicago business reported a few days later that a potential deal with the Tampa-based DeBartelo group collapsed and the foreclosure process has restarted.

That news didn’t deter Sexton, who insisted a deal is still in the works.

“The story is not factual. You can’t believe everything you read,” Sexton told the Reporter in November.

He also chided Crain’s for not speaking to him before publishing the story.

“They didn’t really want to hear the truth so they wrote what they wanted,” he said. “It’s not dead. That’s from me,” Sexton said at the time.

The Plaza closed the doors on the interior mall in May 2013 after 60 of years of business in the community. It fell into foreclosure in 2011.