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Old Posted Jul 25, 2022, 4:31 PM
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ardecila ardecila is offline
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Join Date: Jun 2006
Location: the city o'wind
Posts: 15,853
That Illinois Central project included lots of terra firma as well as the air rights. The terra firma part did get built by Gerald Fogelson (Central Station/Museum Park) and Mayor Daley the younger even moved there personally.

The air rights part was always going to be vastly more expensive, which is the reason Fogelson didn't end up building it. If the South Loop rents don't support costly air rights construction in 2022 without billions in taxpayer subsidy, they surely would not have supported the expense back in 1972 when the area was fully industrial.
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