Submitted By
Tammie Grossman, Director, Development Customer Services
Reviewed By
A.M. Zayyad, Deputy Village Manager
Agenda Item Title
Title
Presentation and Discussion on Current Business Trends, Recent New Developments, and Past Planning Efforts Regarding Roosevelt Road and North Avenue
End
Overview
Overview
Village staff will provide a brief presentation highlighting information on the Roosevelt Road Business District and the North Avenue Business District, including current business trends, recent new developments, and past planning efforts.
End
Anticipated Actions/Commitments
Recommendation
A presentation will be provided to the Village Board in order to create a baseline of information on which future time and resource investments may be based. As the Village Board has prioritized North Avenue and Roosevelt Road under its current Board Goal "The Oak Park Village Board will Support its Vibrant, Diverse Neighborhoods" items 2a and 2b, it is important to understand current business trends, recent development activity, as well as understanding past planning and implementation strategies for each corridor, in order to better evaluate their progress and potential opportunities.
Report
Current Business Trends
Business License Activity - As the PowerPoint presentation shows, total business license activity on both Roosevelt Road and North Avenue has remained fairly stable when comparing numbers from 2019 and 2022. The business license numbers for 2023 are low because the business licensing activity for this year is not yet complete.
The number of business licenses that exist on Roosevelt Road, in comparison to the overall business license numbers in Oak Park, has remained constant at 6% when comparing 2019 to 2022. In regards to North Avenue, in 2019 this business corridor had 11% of the Village's overall business licenses and in 2022, that number was 10%.
In terms of new business license activity, there have been 11 new business licenses issue...
Click here for full text