Quote:
Originally Posted by brian_b
The park is not being built for public benefit, it is being built to maximize the sales price of the townhouses that surround it. Exactly one block south, you've got Webster Park and those townhouses that line it are pure money. 33% higher per sq foot sales price than those across the street from the park.
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Webster Park may not have been built for the public benefit, I can't remember, but it certainly is a public park.
http://www.chicagoparkdistrict.com/p...-webster-park/
If phase 3 is the same, I still see it as redundant, especially if somewhere in the distant future the tracks to the east are decked over for additional green space.
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