Originally Posted by Mr Downtown
I'm not so sure. I think every mayor wants to be seen as a builder, and it's a really prominent parcel to have lying fallow.
And no one is talking about moving railroad tracks, unfortunately.
With its usual proactive planning process, the city will put it out for proposals and see what comes in and how much TIF they want. It would be nice for a big chunk of River South TIF money to go to building the Clinton subway, with a stop in the middle of this property.
your discussion reminded me that this was an issue back in the late 1980s. our mayor Eugene sawyer let this opportunity to construct a trench, pass up. . .
METRA STANDS FIRM ON LAND NEAR LOOP
Gary Washburn, Transportation writer. Chicago Tribune [Chicago, Ill] 29 Feb 1988: 5.
The future of 150 acres of prime real estate south of the Loop could depend on how the property owners respond to a virtual ultimatum from Metra, the commuter rail arm of the Regional Transportation Authority.
At issue is relocation of Rock Island rail tracks that bisect a parcel 1 1/2 times the size of the Loop, reputed to be the largest contiguous piece of vacant land adjacent to the downtown of any major city in North America. Metra operates the Rock Island commuter line.
Chicago Pacific Corp., one of several major owners of the land, has sought a rail realignment that would switch the Rock Island terminal from LaSalle Street Station to Union Station. Such a move would open up the property for a huge office, shopping and residential development.
But after months of discussion, study and debate, Metra has rejected the proposal as impractical and last week delivered this edict to Chicago Pacific and the other property owners: Propose a program to put the tracks in a below- ground "cut" along the eastern edge of the South Loop property or forever lose the opportunity to move them.
"I would suggest that the train is leaving the station on this issue very, very shortly," said Donald Udstuen, a Metra board member.
needless to say, the train left the station. . .