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Old Posted May 5, 2020, 6:01 PM
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BVictor1 BVictor1 is offline
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Join Date: Sep 2002
Location: Chicago
Posts: 9,659
I attended the virtual meeting last night and here are some notes...

May 4, 2020 Virtual Meeting

-working on things since 2012

-65% minority business led

-10% commercial space discounted

-20% affordable housing on site

-MBE (30%) & WBE (10%)

-(GRIT) Global Research Innovation & Tourism District

-8.8 acres of open and green space in phase 1 & 2

-Phase 3 (Marshaling Yards/towers) won’t be apart of the current PD

-3rd quarter of 2021 groundbreaking? Phase 1 should take about 5 years

-$31,000,000 TIF for remediation at 29th St. where a factory once stood.

-mix of housing product… condo, rental, affordable, market rate (mainly phase 3)

-8.8 acres of open space (2 acres at 31st) (2.5 at 29th)
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