The Oak Park Economic Development Corporation (OPEDC) announced that John Lynch has been named the Executive Director of OPEDC as of July 24. A resident of Evanston, Lynch joined the OPEDC team as their Development Director in February of this year. Bringing over 20 years of experience in real estate, infrastructure, and economic development to Oak Park, Lynch will succeed John L. Hedges, who announced his retirement in June.
OPEDC has spent close to a year conducting a national search for a Development Director before they identified and hired Lynch for the position in February. When Hedges announced his retirement in early June, the Board of Directors at OPEDC looked for a successor and quickly decided to elevate Lynch to the open executive director position.
Lynch’s wealth of experience with real estate development among other areas of expertise include a combined 10 years as a Vice President with international real estate firms JLL and CBRE, Director of Real Estate and Land Use for Chicago-based Ricondo & Associates, and past advising on economic development around the largest U.S. airports. Martin Noll, OPEDC Chair, indicated in the press release that the process of selecting John Lynch to succeed John Hedges was “a no-brainer.”
“John is eminently qualified to handle the pending and developing opportunities to restructure the tax base of our community. With three large projects in the Village either underway or about to be underway within the next several months, John will be busy shepherding them along. And, he has sparked several smart ideas that developers are considering for Madison Street,” said Noll.
Plans for, as what Lynch says they call, an “open for business mentality” is in the works. The goal to make Oak Park a more appealing place to build and run a business is what Lynch and his team at ODEPC are striving to accomplish for the community.
“We are hoping to bring more multifamily construction, exciting new retail, and possibly new hospitality development to Oak Park. And we will do that by moving past our image as mere “catalyst” for business investment to become a true partner with real estate developers looking to invest in Oak Park,” said Lynch.
Lynch has spent the majority of his career as a development advisor to municipalities and corporations. He holds an MBA in Finance, Management and Strategy from Northwestern University’s Kellogg School of Management, a Master of Science in Civil Engineering from Purdue University, and a Bachelor of Science degree in Civil Engineering from the University of Notre Dame.
For additional information about OPEDC, visit their website here or email at firstname.lastname@example.org.