American Planning Association

Redfield to Redevelopment in Libertyville, Illinois February 21, 2012 The newly minted term redfield refers to financially distressed development projects (i.e., properties in the red). As a result of the Great Recession, few communities are immune to the negative effects of redfields. The relatively affluent community of Libertyville, Illinois, felt the sting when plans for high-end townhomes and the adaptive reuse of a decommissioned elementary school near the village's vibrant downtown went bust in 2008. Then in 2010 Libertyville-based developer John McLinden negotiated purchase of the bank-owned site and secured approval from the Village for the new urbanist SchoolStreet development. At build out, SchoolStreet will feature 26 single-family homes designed to blend with the historic turn-of-the-century homes in the neighborhood in addition to urban lofts in the preserved school. Apart from the project's prime location near downtown and a commuter rail station, another key to the project's success has been