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Originally Posted by ChiPlanner
They're still working on financing- long and short (from what I've heard) is that the city chose this as the winning design but didn't inform the CHA that they expected rental assistance on the property. Basically breakdown of communication between the CHA and the City Dept of Housing. It's a priority and will likely see movement in the next 6-9 months during upcoming LIHTC allocations by the city and state.
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Thanks for the info. That’s great news in my opinion. Glad to see that it’s still moving forward however slowly. Hopefully it’s right on time to further boost a revival of the loop.
Build this, save the Century and Consumers buildings, dedicate a UNESCO world heritage site (if that process ever finishes), convert a few older office buildings to residential, rebuild the State and Lake station, finally start 410 S Wabash and 525 S Wabash, rebuild the old CME building and forget the Lucas museum was ever proposed here… I’ll be happy.
