site, some of the longer leases will likely be negotiated down, Townsend said.

“Our intention is to work out agreements with everybody, just like we did with the purchase of the property,” he said.

As the land lies in a relatively new tax increment finance district for the purpose of redevelopment — with tax money above a certain amount going into the development rather than local governments — some leases could even face condemnation proceedings if agreements can’t be reached, Townsend said.

Once the office buildings are torn down, the current curve of Thoreau Drive would be reduced to better use the site.

Village officials aim to close on the purchase by Dec. 31.