I would like to make a couple of comments about past developments that I was involved with and the traffic issues that we held developers accountable for. As a general rule of thumb traffic improvements rank in the top 3 issues we want to address from a potential developer.
- Lakewood Homes-- They were required to do away with Bacon Road, and build from scratch the intersection, the extension of Cedar Lake northwards from 60 and then dedicate the remaining right away for the Cedar Lake Road extension. Off the top of my head Lakewood forked over in excess of $5 million dollars for traffic improvements from 800 homes.
- Madrona Homes-- In some respects we are not seeing the benefit from the traffic improvements from them yet, but hopefully the foresight the village had to make them set aside the 300 foot right away for the 120 bypass comes to fruition. In addtion we also set aside right away for the Cedar Lake Road extension from 120 to Townline Road. In partnership with Neuman Homes at Prairie Walk they also were required to improve Townline road which is a free benefit to District 46's "sometime" new school. I have no idea how much money the right away is, but its substantial based on roughly 800 homes.
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