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The Development of Shopping Centers in the 1950’s
The 1950s population boom had a dramatic effect on commercial development in Mount Prospect. Before the 1950s Mount Prospect’s commercial area were located downtown. That changed with the construction of Randhurst Shopping Center and the Mount Prospect Plaza. There was quite a bit of controversy over these developments. Mount Prospect considered not annexing the land of the shopping centers unless petitioned by the developers, Carson Pirie Scott and Dan Serafine. Carson Pirie Scott had originally wanted 80 acres to be annexed by the town, but that number later swelled to 108 acres. Dan Serafine, developer of Mount Prospect Plaza wanted 60 acres of land annexed but the town was reluctant to buy into his plan. The developers wanted their projects to be annexed so that they would have access to vital town services such as water, police, and fire protection. Mayor Lams and citizens of Mount Prospect were not sure that there was a sufficient population to support two shopping centers less then one mile apart from each other. But trustees pressed on, saying that Mount Prospect would benefit from the commercial taxes, arguing that these new taxes would allow them to lower taxes in the residential areas.
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