Wrigleyville Businesses Relieved Cubs Will Remain on North Side
There’s relief among businesses in Wrigleyville now that the Cubs have reached an agreement with the city over its $500 million renovation plan. Local residents and neighborhood groups had been worried that businesses would suffer if the Cubs couldn’t come to terms with the city and decided to play baseball elsewhere. Jaime Gamez, owner of […]
Developer to send proposal to East Village group
Three may be the charm for developer Chris Fifield, who is sending his third proposal for a Chicago Avenue building to the East Village Association and Ald. Proco Joe Moreno (1st) for review and approval this month. The plan will be sent to the East Village Association by the end of the month, said association president […]
City Council Votes to End 8 TIFs; $9 Million Diverted to City, CPS
On Thursday the Chicago City Council voted to recommend ending eight tax increment financing districts, sending almost $9 million to the city, the school district and other taxing bodies. Ald. Ameya Pawar (47th), an outspoken critic of TIFs called the elimination of these districts a positive step toward the necessary reform of the TIF program. […]
Only One Austin TIF Project Completed in Decade, AustinTalks Finds
By AustinTalks Chicago’s tax-increment financing program is designed to eradicate blight, create jobs and promote economic development in neighborhoods that need it most. But TIF - which diverts property tax dollars to private developers in an effort to spur growth – appears to be doing little to help the residents of Austin. Of the 184 private-sector TIF […]
27th Ward Pushes for More Public Transit
Facing a sluggish economy and rising unemployment rates, political and business leaders in the 27th Ward say economic development — and more public transportation — may be the answer. “We need to work with businesses to grow and create jobs,” said Ald. Walter Burnett Jr. of the West Loop and Near-North Side neighborhoods. “But in […]
Leaders Envision Chicago’s 2016 in “Back to the Future” Panel
City leaders’ dreams that the 2016 Olympics would come to Chicago ended in October, but their hopes for the economic development, job creation and neighborhood expansion the Games would have brought to the city are alive and well. On a snowy afternoon on Feb. 9 at the Hyatt Regency Hotel, Chicago’s Neighborhood Development Awards hosted […]
Will a New Residential Development Rise from the Ashes of U.S. Steel?
In years past, U.S. Steel’s South Works plant in South Chicago gushed flame and created towering piles of slag as it forged the steel that built skyscrapers around Chicago and across the country. Nowadays, South Works is mostly empty, deserted land. But developers hope to turn it into a mixed-income development that they say will […]
Bronzeville Resident’s Rant
By Sharon Morgan July 2, 2008 – I just want to vent for a minute. I live in Bronzeville. I grew up here during some of its worst days and returned here in the midst of its emergence as Chicago‘s new mecca for the middle class. Now that we have a critical mass of homeowners […]
