Quote:
Originally Posted by LouisVanDerWright
I heard a rumour the other day from a credible source that Related has been shopping the 78 around because Lightfoot won't give them a TIF like Lincoln Yards. Anyone else heard this?
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A guess: This may be disinformation propagated by a rival developer (this is not to necessarily impugn your direct source....as we know disinformation can be more efficacious when amplified by unwitting participants). Perhaps you can think of one?
Or, maybe Related Midwest is looking to sell a stake, to bring in a big equity partner? That would make sense.
But an outright sale? It got its ~700 mil. TIF approved, and now the red line station. Granted, this project is much more deserving of TIF funds then say....just spitballing here - Lincoln Yards, which got a $1.3 bil. boondoggle. But a rumor of an outright sale doesn't smell right.