Quote:
Originally Posted by LouisVanDerWright
Lol, such a success! Replacing 17 units with 9! Byron you should be so proud! Good thing that $45k will buy us 1/10th of an affordable unit at the price that your buddy Carlos just paid to build the Prisonview Arms at Logan Square!
This city is run by literal idiots...
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This is bad reporting from Crains. The fee is $5000 per unit demolished, but no less than $15,000. So if there are truly 17 legal units, the fee would be $85000. Or, if the fee amount is correct, that means the existing buildings contain no more than 9 units. It's also possible that the developer is lying about the number of units demolished, but that would hopefully warrant some follow-up from the reporter.
Also, I hate to give Sigcho and Rosa any credit but they both argued for the fee to be much higher. This is the compromise that was able to pass, and it will sunset in April 2022 unless Council extends it.
9 new units is very disappointing, though they can't build any more than that on a triple lot in B3-2 without getting a zoning change past the alderman and doing affordable units. Sigcho basically won't back zoning changes anywhere, unless it's for a nonprofit, and he even puts them through the wringer.