Navigating the Loss of a Major Employer
Wednesday, September 13, 2017
11 a.m. - 12:15 p.m. CDT
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What happens when your community loses a mayor employer? How do you recover from losing hundreds or thousands of jobs? What do you do with the now vacated large facility or corporate campus? What if residents fight the re-use or redevelopment plan? As regional, national, and global economies shift, once stable and long-term corporate citizens are relocating and reinventing themselves. As this occurs, how does a community deal with the loss?
This session looks at municipalities within the state of Illinois that have lost a major employer, and how that loss has influenced the communities’ futures, presenting both hardships to overcome and opportunities to be realized. Such a loss can have multiple effects that ripple throughout a community including a declining population and tax base, increased vacancy rates of both residential and commercial properties, deteriorating community appearance, and the issue of repurposing or redeveloping large areas of land once considered community staples. The loss can also present opportunities for new development as large tracks of land now become available.
Three panelists will discuss the loss of large-scale employers within their communities, the impact of the loss, and how they dealt with or are actively dealing with this new reality. Oak Brook will address the loss of McDonald’s world headquarters and campus, Lisle will discuss the closing of Lucent Technologies and the struggles with accommodating Navistar moving in, and Schaumburg will discuss the closing of a major Motorola facility. Discussion will include how loss of a major employer has affected their communities, as well as approaches and struggles to reactivate the vacant corporate land and facilities, and growing other local employment to offset the loss. The panelists will highlight the role of planning and the successes, failures, and lessons learned from the community’s efforts to plan for and recover from the loss of a major employer.
Matt Frank, AICP
John Houseal, FAICP
Robert Kallien, AICP
Russ Whitaker, JD
Trevor Dick, email@example.com