Village Pays $700K For Barry Buildings
As the area around Allstate Arena and the Rosemont Park District Recreation Center is updated with new street lighting, athletic fields, colorful mural, parking lots and more, village trustees took improvements one step further and approved the purchase of buildings along Barry Street.
The village will purchase the buildings at 7047-7059 Barry for $700,000, according to officials. The village has no immediate plans for the buildings and expects the existing tenant will remain through the end of their lease.
Officials said the tenant, Corro-Shield International, which manufactures epoxy resins for commercial and industrial floors and wall coatings, has a lease which runs through mid-2016.
Last year in an effort to increase safety and prevent neighborhood cut-through traffic from motorists turning off Touhy to get to Allstate Arena by way of Barry or Lyndon streets, Rosemont reconfigured Barry Street to make it a dead end in front of the recreation center.
Residents say this has helped increase safety for the many families in the area. As for the new buildings purchased on Barry, which are yards away from the recreation center, village officials said they could remain industrial, be razed to make way for more parking or developed for other uses.