Early childhood center's move portends progress for Schaumburg entertainment district

  • Bright Horizons Early Childhood and Education Center will celebrate its reopening next week at a newly renovated space at Roosevelt University's Schaumburg campus, after relocating from the Woodfield Green Executive Centre off Meacham Road.

    Bright Horizons Early Childhood and Education Center will celebrate its reopening next week at a newly renovated space at Roosevelt University's Schaumburg campus, after relocating from the Woodfield Green Executive Centre off Meacham Road. Courtesy of Bright Horizons Early Childhood and Education Center

 
 
Updated 8/11/2022 9:02 AM
A grand reopening is scheduled for next week at Bright Horizons Early Childhood and Education Center in Schaumburg, now occupying a renovated space at the Roosevelt University campus in the village.
A grand reopening is scheduled for next week at Bright Horizons Early Childhood and Education Center in Schaumburg, now occupying a renovated space at the Roosevelt University campus in the village. - Courtesy of Bright Horizons Early Childhood and Education Center

Bright Horizons Early Childhood & Education Center next week will celebrate its relocation from the shadow of Schaumburg's Renaissance Hotel and Convention Center to a newly renovated space on the Roosevelt University campus in the village.

The move not only begins a new chapter for Bright Horizons, but enables the start of preparations for an entertainment district on the site of the now vacant office complex where it had been the last tenant.

Bright Horizons Early Childhood and Education Center has completed its move from the soon-to-be-demolished Woodfield Green Executive Centre along Meacham Road in Schaumburg to a newly renovated facility on the Roosevelt University campus in the village.
Bright Horizons Early Childhood and Education Center has completed its move from the soon-to-be-demolished Woodfield Green Executive Centre along Meacham Road in Schaumburg to a newly renovated facility on the Roosevelt University campus in the village. - Courtesy of Bright Horizons Early Childhood and Education Center

Late last year, village officials agreed to pay Bright Horizons $3.5 million to leave the Woodfield Green Executive Centre this spring, rather than remain to the end of its last potential lease extension in 2045.

The money Bright Horizons received for the move, as well as the $6.58 million the village paid for the 110,000-square-foot office complex in the first place, comes from a tax increment financing district set up to fund public improvements in a redevelopment area along Algonquin Road on both sides Meacham Road.

The playground awaits students at Bright Horizons Early Childhood and Education Center in Schaumburg, about to open its relocated facility at the village's Roosevelt University campus.
The playground awaits students at Bright Horizons Early Childhood and Education Center in Schaumburg, about to open its relocated facility at the village's Roosevelt University campus. - Courtesy of Bright Horizons Early Childhood and Education Center

TIF districts set aside a share of the property taxes normally intended for local governments for up to 23 years to pay for improvements.

Next Thursday, the village's engineering and public works committee will review contracts for the demolition of the Woodfield Green Executive Centre this fall.

Schaumburg Economic Development Director Matt Frank said Orlando-based Andretti Indoor Karting & Games is expected to present its formal proposal to anchor the first phase of the entertainment district either late this year or in early 2023.

Schaumburg officials are planning the demolition of the Woodfield Green Executive Centre north of the village's convention center and Renaissance Hotel for a new entertainment district now that its last tenant has relocated.
  Schaumburg officials are planning the demolition of the Woodfield Green Executive Centre north of the village's convention center and Renaissance Hotel for a new entertainment district now that its last tenant has relocated. - Eric Peterson | Staff Photographer, 2016

Other components of that first phase are anticipated to include another entertainment venue, a restaurant, and a 900-space parking deck with an elevated walkway connecting it to the Renaissance on property long reserved for a performing arts center.

Though the first phase would be west of the Renaissance, the demolition of the Woodfield Green Executive Centre to the north enables both a relocation of Thoreau Drive and future phases of the entertainment district.

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