In 1967, after residential developers began building major housing subdivisions on land south of Park Forest, the community was named Park Forest South. But later, when the campus of Governors State University opened in the community, the village changed its name to University Park, in recognition of the prestige the university brought to the community.
Governors State complements the area's other two-year community and junior colleges by providing only the final two years of work toward a degree. Its students complete the first two years at a community college, then transfer to Governors State for their junior and senior years.
A focal point for corporate activity is Governor's Gateway industrial park, a facility covering 1,000 acres. It is home to such giants as Ameritech, NutraSweet, and ComED. Several hundred additional acres are included in the Tax Increment Financing district, providing significant economic incentives for business development.
A community of fine homes, University Park also offers excellent recreation opportunities. Commuters to the Loop can ride comfortable Metra trains or drive the 35 minute distance by getting on nearby I-57.
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