January 13, 2023
Public Bid Opening Held on January 11, 2023
The Lyons Township High School District 204 Board of Education is engaged in a process to sell the district’s Willow Springs property.
LT held the bid opening on Wednesday, January 11, 2023. The board received two bids—one for $46.5 million from ProLogis, Inc. and one for $55 million from Bridge Industrial, Inc. Throughout the next several days, the Board’s counsel will complete a legal review to ensure that all requirements are met. Pending the legal review, the Board will potentially consider the final bid at an upcoming meeting.
For background, the property is located near 79th Street and Willow Springs Road, and was purchased by the district in two separate parcels in 1955 and 1962 with an additional smaller parcel added in 2010. The District would likely use the sale proceeds to make key investments and upgrades to its facilities, as prioritized in the District’s Strategic Plan.
We want to thank all community members who have asked thoughtful questions and provided feedback throughout this process. For more information and to find further updates, please visit https://www.ltwillowspringsproperty.org.