Big Idea 3: Maintain Economic Resilience
The community is prepared to adapt to changes in the national, regional, and local economy and continues to create and implement strategies that foster economic resilience, business growth, and support entrepreneurship.
INSTRUCTIONS: Review the Draft Goals below and share your feedback via the form at the bottom of this page. For more context and detail on each of the goals, click the arrow next to each to read the Draft Objectives. Then click here to move on to the other Big Ideas!
GOAL: Retain and support existing businesses and support new businesses that meet the interests of Glencoe residents and attract visitors from outside the Village.
>> Objectives…
- Evaluate the Zoning Code to ensure that commercial use regulations foster a diverse and sustainable mix of relevant, modern, and flexible business activities.
- Regularly coordinate with the business community for feedback about how the Village can be more business-friendly.
- Support businesses that contribute to vibrancy and encourage additional spending at other nearby businesses.
- Identify underutilized parcels that could be appropriate for redevelopment and potential workforce housing.
- Review and update information on resources for businesses and commercial property owners.
GOAL: Promote Glencoe attractions to encourage regional tourism and visitor spending.
>> Objectives…
- Build on the arts, culture, entertainment, and experience economy to attract businesses that support and leverage the existing base of arts and entertainment in the downtown.
- Coordinate with the Chicago Botanic Garden to attract garden visitors to Glencoe’s business districts.
- Coordinate with the Chamber of Commerce to consider a marketing campaign that targets Metra riders and appeals to visitors who could take the train into Glencoe for weekend and evening dining and events.
GOAL: Balance the convenience of parking in Downtown with land use needs for businesses to thrive.
>> Objectives…
- Conduct an updated parking demand and accessibility study.
- Reduce demand for more parking spaces downtown through the expansion of alternative modes of access to and in downtown.
- Accommodate parking demand by making remote parking lots attractive and easily accessible.
- Explore parking time zones, pricing strategies, and enforcement to manage the supply of existing parking.
GOAL: Proactively prepare for the future of Frontage Road properties [to be addressed in more detail via subarea plan].
>> Objectives…
- Consider future land uses in context of potential changes in the auto industry and what that might mean for tax revenues.
- If redevelopment occurs, encourage land uses that are compatible with the Highway Frontage location and can contribute to the tax base and diversity of housing.
GOAL: Consider opportunities to improve or redevelop the Hubbard Woods Plaza Area [to be addressed in more detail via subarea plans].
>> Objectives…
- Work with property owners to consider bulk and intensity levels that can be accommodated if redeveloped.
- Consider zoning changes that would accommodate mixed-use development.
GOAL: Evaluate potential redevelopment and development opportunities along Green Bay Road [to be addressed in more detail via subarea plans].
>> Objectives…
- Update zoning and development regulations to encourage small- and mid-size multifamily residential development in the R-D district.
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