Shuttered golf courses have created challenges for local communities and given that over 800 have closed in the past decade, there are many examples of what can happen to the vacated property. In some cases, neighbors were saddled with skyrocketing assessments and maintenance bills. In other markets, as the property sat vacant for extended periods of time, uncertainty weighed on local property values.
Indian Lakes spent months to find an appropriate and compatible new use. The resort-at-home atmosphere of the Four Seasons at Indian Lakes proposal fits with the character of the neighborhood. The age-restricted, active lifestyle community also provides a needed housing option in Bloomingdale and DuPage County. There are few, ranch-style, maintenance free, single family housing options currently available for the aging baby boomer generation. The compatibility of the resort-at-home neighborhood provides an opportunity for Bloomingdale to quickly realize substantial financial, economic and quality of life improvements.
Local classrooms will benefit from an estimated $4 million in new annual property tax revenue, and because the neighborhood is age-restricted there will be no new costs to the districts.
Area businesses, including the nearby Stratford Square Mall, will benefit from $3.9 million in new local spending by the new residents of Four Seasons at Indian Lakes.
The neighborhood will also spur a significant investment in storm water management and open space improvements along the perimeter. Approximately $2 million will be spent to modernize storm water management across the 190-acre former course and establish the open space along the perimeter. The landscaping, naturalized basins, trees and grasses will be open-space for the entire community’s benefit. Approximately 2.5 miles of public pedestrian paths are proposed.
Converting the property from a vacated golf course, to a resort-at-home neighborhood consistent with the character of the community will benefit all Bloomingdale taxpayers.