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updated: 12/19/2018 12:30 PM

Oak Brook to buy former McDonald’s HQ land for park

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  • Oak Brook Park officials agreed this week to pay $15.8 million for vacant property at the former McDonald's Corp. headquarters site.

    Oak Brook Park officials agreed this week to pay $15.8 million for vacant property at the former McDonald's Corp. headquarters site.
    Daily Herald file photo

 
Associated Press

Oak Brook Park officials have agreed to pay $15.8 million for vacant property at the former McDonald's Corp. headquarters site.

The Chicago Tribune reported the Oak Brook Park Board unanimously approved the deal Monday. It follows last month's passage of a voter referendum allowing the park district to sell $17.9 million in bonds to purchase the property.

Board officials say the extra $2 million will be used for improvements so the property can be used for soccer fields and other sports. With McDonald's permission, soccer has been played on the property for many years.

An earlier plan for the property called for building luxury homes.

Closing is scheduled for February.

The global fast food chain, based in Oak Brook for decades, unveiled its new Chicago headquarters earlier this year.