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Emanuel moves to acquire huge South Loop development site

Mr. Emanuel introduced an ordinance at yesterday's City Council meeting that would arm his administration with the legal authority to buy the 62-acre property between the Chicago River and Clark Street, south of Roosevelt Road, or else seize it using the city's eminent domain powers. The city wants to find a development team to build something on the empty site.

http://www.chicagobusiness.com/reale...883H3247467E8W