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GlobeSt.com UPDATE: 2,000 Great Lakes Customers On Move

NORTH CHICAGO, IL-A loss of 2,000 jobs at Great Lakes Naval Training Center could mean less traffic at two Sheridan Road redevelopments, Sheridan Crossings at Martin Luther King Drive as well as Grant Place at 18th Street.

By Mark Ruda | Updated on May 16, 2005

NORTH CHICAGO, IL-Being the US Navy’s only boot camp, Great Lakes Naval Training Center was not expected to be on the US Department of Defense’s Base Realignment and Closure hit list. However, Great Lakes still may take a hit, as the proposed BRAC program calls for a net loss of 2,022 jobs, out of a population of 23,439.

Although that population includes 13,000 students and recruits preparing to ship out to various ports, the base has a military payroll of $275 million while the civilian work force there adds another $134 million to the area economy. “The decrease in the military population of Great Lakes may have an impact on the amount of federal tax dollars received by the City of North Chicago, such as school impact aid, motor fuel tax and census revenue,” Mayor Leon Rockingham Jr. says.

However, fewer workers at what still will be the city’s largest employer—Abbott Laboratories employs 7,000–could mean less traffic at the 20,000-sf Grant Place shopping center being built by Five Points Development Corp. at 18th Street and Sheridan Road. Coldwell Banker Commercial NRT is marketing space there at $14 per sf. Also, the city council late last year approved a $10-million bond sale to buy up 32 acres at Sheridan Road and Martin Luther King Drive, across from an entrance to Great Lakes. It also hired McShane Corp./Bulls Development Corp. to plan, develop, lease and sell space in the mixed-use retail and commercial development that will be known as Sheridan Crossings.

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