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
Democrats grill Kennedy, Wright, Rollins on 2027 budget requests
Illinois leaders sweat over tight budget; GOP wants more cuts
Illinois leaders sweat over tight budget; GOP wants more cuts
Consumer advocate: Following Kansas’ lead to prevent ‘lawfare’ is ‘imperative’
Pritzker: Swipe fee ban works, banking groups, feds push for repeal
Pritzker: Swipe fee ban works, banking groups, feds push for repeal
New York loses $73M in federal funds tied to CDL failures
New York loses $73M in federal funds tied to CDL failures
Struggling DHS agencies plead with Congress for funding security
WATCH: U.S. military strikes continue daily along Pacific drug routes
Indiana Man Faces Federal Indictment, Potential Death Penalty for Momence Bar Owner’s Murder
Illinois Quick Hits: State unemployment rate hits 5%