city_council_meeting_minutes_september_23_2025.pdf
City approves 40-year ground lease with Chicago Rail Link
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Description
The City of Blue Island adopted Ordinance 2025-049 approving a 40-year ground lease agreement with Chicago Rail Link, LLC for approximately 90 acres near 119th Street and Vincennes Avenue. The lease has a baseline payment of $200,000 with potential revenue-based increases to support an outdoor storage facility for the rail line.
Contract Details
Contract Amount
baseline $200,000 annually, revenue-dependent increases possible
Vendor
CHICAGO RAIL LINK LLC
Agency
City of Blue Island city, IL
Contract Type
FACILITIES
Document Date
September 23, 2025
Contract Term
40-year ground lease
Renewal Date
2065-09-23
Renewal Info
Initial lease term is 40 years with a baseline annual payment of $200,000; any renewal options are not described in the minutes.
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