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Crain's Chicago Business

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HOLIDAY GIFT GUIDE: A look at what stylish influencer Tereasa Surratt has on her shopping list. PAGE 21

CHICAGOBUSINESS.COM | NOVEMBER 14, 2022 | $3.50

FOOD ACCESS

WEALTH-BUILDING THROUGH FOOD JOHN R. BOEHM

In Chicago communities where access to healthy food is scarce, social agencies and entrepreneurs step up to address hunger and economic inequities I PAGE 15

Hinsdale tries to make preservation pay

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n Hinsdale, where dozens of older homes are torn down and replaced every year, there’s a new pioneering effort to save vintage homes from the wrecking ball. Village officials recently began compiling an opt-in list of older homes that would benefit from looser rules on the allowable size of additions, property tax rebates, and other incentives that could make keeping an old house

standing more feasible than tearing it down and building new. Homeowners who opt in to the Historic Overlay District will make their properties eligible for, among other things, a larger square footage in the combined original house and addition than would be permitted for a new-construction house on the same site. The motivating question here is “what can we give you that owners of a new build wouldn’t

get,” said Alexis Braden, a member of Hinsdale’s Historic Preservation Commission. For many people in this leafy town, where one out of every four houses has been torn down since 2000, the need to slow teardowns feels increasingly urgent. Hinsdale isn’t the only suburb or neighborhood at risk of losing its innate charm to prolific new See HINSDALE on Page 24

JOHN R. BOEHM

Hoping to save more historic homes, the upscale western suburb offers incentives to buyers who update rather than demolish I BY DENNIS RODKIN

Alexis Braden, a member of Hinsdale’s Historic Preservation Commission, and John Bohnen, who heads the commission.

NEWSPAPER l VOL. 45, NO. 45 l COPYRIGHT 2022 CRAIN COMMUNICATIONS INC. l ALL RIGHTS RESERVED

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CRAIN’S LIST

MONDELEZ

We tally up the area’s largest accounting firms. PAGE 12

CEO Dirk Van de Put goes after bigger buyout targets. PAGE 3

11/11/22 3:33 PM


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