Looking south at the townhomes at Maple Street Lofts. Downtown Mount Prospect has changed considerably in the last five years when it comes to new development after the village established the Prospect and Main Tax Increment Financing (TIF) district. The hope is further development will occur on the south side of town with another TIF
Demolition crews are clawing away at the former Mount Prospect fire and police headquarters in the village s downtown, clearing the way for a new six-story residential building.
Mount Prospect is expected to close on the $2 million sale of its former downtown police and fire headquarters this month,setting the stage for an important downtown mixed-use development.