CHICAGO | Lincoln Yards

[twister244]

I will make the argument again - There's too many mega projects floating around....... If we had just one, we could start to streamline some resources for infrastructure, especially if there was a strong appetite for it.

This is why I think the 1901 project has the path of least resistance given so much infrastructure is already in place, there's no need to build a new sports facility, etc.

With LY, SB was hedging on it having a major office component. The decimation of the office market in downtown has really hit SB hard, and they are in no position to take on any sizeable projects right now. I just saw an article from Crains hit my feed stating the downtown office vacancy rate continues to rise to a new record high - So no amount of sand pounding from CEOs is gonna change the fact that companies are going to have to adjust to a new reality of hybrid/remote work.

With all of that said - I think it's safe to say the only pathway forward for LY is parcels to get splintered off to developers and hopefully we can get some dense residential development along the river, with some modest infrastructure improvements.

Unless some wild card changes this, the LY proposal we know of is essential dead now.