Quote:
Originally Posted by 10023
So is this basically the last step before someone steps in to actually re-develop the land west of the Brown Line tracks (ie, Cabrini)? Hopefully all at once so they can fix the street grid too.
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The land along Orleans is privately owned and can be redeveloped.
The CHA is on their own timeline for redevelopment (and they won't tell anyone what that is). More infill around Cabrini will not make them move any faster. But yes, theoretically they will rebuild the street grid:
https://www.chicagoarchitecture.org/...ns/page-23-10/
Basically CHA is expecting private developers to do all the work of not only building but financing any new construction, and the whole area is covered by a court-ordered consent decree so building purely market rate is not an option. That means developers are stuck turning to limited funding source like LIHTC that are massively oversubscribed. There's just no resources to subsidize low-income housing.