Schaumburg to dedicate 12-acre 90 North Park with community event
After four years and approximately $14 million of development, the village of Schaumburg will celebrate a key moment in the evolution of its 12-acre 90 North Park on the Veridian property with musical entertainment and food at a community event this month.
Schaumburg Live! will kick off at the park on the new Promenade Drive near the southwest corner of Algonquin and Meacham roads at 3 p.m. Saturday, Sept. 27.
Tribute bands performing the music of Oasis, Coldplay and U2 will take the stage while food trucks on Promenade Drive will serve food from Ben & Jerry’s, Holy Smokes Barbeque, My Cocina Grill, Pierogi Rig, Serna’s Grill – Monster Gyros, Sporty’s Restaurant & Catering, Toasty Cheese and Travelin’ Tom's Coffee Truck.
The event is meant to highlight the amenities added to the park since 2022, but especially Promenade Drive itself which helps define the shape of the recreational area, Schaumburg Economic Development Director Matt Frank said.
The park and internal roadways are the village’s main public contributions to the largely private redevelopment of the 225-acre site, part of the former Motorola corporate campus now known as Veridian.
Among the park’s existing components are a water feature plaza area, tilted lawn zone, a terraced plaza, pedestrian bridges, flexible gathering spaces, a hammock grove, walkways, seating, a bike path, bike racks and drinking fountains.
A temporary stage will be set up for the event’s musical entertainment, but a permanent band shell is among the ideas for future additions to the urban-style park.
“There’s still significant investment that needs to be made,” Frank said.
In fact, the village board is expected to give its authorization Tuesday to an application for an Open Space Lands Acquisition and Development (OSLAD) grant of up to $500,000 for such work from the Illinois Department of Natural Resources.
Review of applications for possible grant funding is expected to be completed within six months, Frank added.
Funding for the park so far has come exclusively from the area's tax-increment financing (TIF) district.
These funding mechanisms work by freezing the property taxes local governments receive at the level of the first year. As improving properties' values and taxes rise, the incremental increase goes to a village-held fund to pay for public improvements.
Parking will be available in the south parking lot of the Atrium building at 1301 E. Algonquin Road and at the remaining Motorola building at 2000 Progress Parkway.