Quote:
Originally Posted by Mr Downtown
I'm not asking what pot of money will be used to buy the grass seed—though it seems absurd to need a TIF for what any suburban developer does as a matter of course.
There's no land being dedicated for parks! Six thousand new market-rate units in the wealthiest part of the city, and no parkland. And 8000 new jobs in a location with no rapid transit.
Yup, that's some good city planning right there, and the only conceivable objection someone might have is that the developer will make a profit.
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I'm still confused. I am looking at the Lincoln Yards
North PD right now and it includes a very clear open space plan showing the central park (which IIRC is designed by James Corner) and riverwalks on both sides of the river. Additional sections of the document mandate that Sterling Bay open each segment of riverwalk no later than one year after the river-adjacent building is completed. It seems very clear to me that Sterling Bay would have to go back to the well at City Council if they wanted to build anything other than a park in those locations, just as Magellan has needed to go back before City Council every time it wants to change course at Lakeshore East.
Lincoln Yards
South is in a separate PD, but the version available online appears to date from last July before the stadium was eliminated. Presumably City Council voted to approve a substitute ordinance for LY South (which has not yet been published online) reflecting the new kiddie sports park and increased development rights on adjacent parcels.
I agree with your transit critique, but it's not something that needs to be solved immediately. Early phases can be addressed through existing infrastructure and there is an infrastructure plan to handle future growth and, crucially, fund the improvements. Lincoln Yards won't go up overnight, it's not like Sterling Bay has a magical box that pops out anchor tenants. For later phases, I will wait to see what happens with the proposed transitway. That will be funded out of the same TIF (actually several TIFs along the North Branch) and planning of the transitway is being conducted by the city, not Sterling Bay. A high-capacity busway probably could transport a big chunk of those 8000 residents to the site, and early plans have indicated that this transitway will largely be ROW-separated and partially grade-separated from congested streets. There's also the possibility that a good chunk of new workers will live within the development and walk to work.