For city’s next growth spurt, follow the money to north-northwest corridor – Chicago Sun-Times

The Chicago Tribune printing plant, the city’s choice for a Bally’s casino. The stretch along the North Branch of the Chicago River is the city’s next corridor for growth.If you get the idea these parts are heading “uptown” — upscale, in other words — you’d be right. Developers are meeting requirements for affordable housing, mostly by incorporating them into market-rate projects, but this is an expansion of the city for the rich. It’s what gets developers’ hearts thumping.
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Mary Ladd
3 years ago

IL has been at or near the top the list when it comes to population loss, what makes these developers think that will turn around anytime soon? Who do they think will be moving to these various developments? And don’t forget Lightfoot’s dream of turning LaSalle St. into residential units. Is there really this great of a demand to live in Chicago?

nixit
3 years ago

I lived on the Near North Side. 15-20 years after Cabrini came down and there are still acres of vacant land. I remember many development proposals where the trailer sales sites sat for years and nothing came of them. To me, the old Cabrini corridor is preferable to the Elston corridor, yet here we are. It’s going to take decades to make Elston/Clybourn corridor feel like a neighborhood. You can plop glass towers down all you want, but with light industrial and heavy rail it’s going to be a tough sell. And without easy L/Metra access, it’ll be an even… Read more »

Poor Taxpayer
3 years ago

The banks who fund it will end up owning it down the road and lose lots of money. The Chitty of Chicago has crime everywhere growing like a cancer. Why do you think all the cops move to Punta Gorda, Fl. as soon as they retire??? It is easy, they do not feel safe in Chi town, nor should they.

debtsor
3 years ago

I stopped reading when the article mentioned Trump…..let me count….in the sixth word of the first sentence. Whatever else the article says, I don’t care!

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