The DePaulia

Chicago aldermen OK $2.4M in tax subsidies for developers of Lincoln Yards, ‘The 78’

The proposed Lincoln Yards development will sit on 50 acres of riverfront property on the Northwest Side. The site will be home to a transportation hub, retail shops, office space, public parks and residential units.

Associated Press

April 10, 2019

The Chicago City Council has approved $2.4 billion in tax subsidies for two major developments after Mayor-elect Lori Lightfoot said she would drop her opposition. Aldermen voted Wednesday morning on the packages. An earlier vote was delayed when Lightfoot said she wanted to review the tax packages....

Mayor Emanuel to delay vote on $2B tax deals for developers of Lincoln Yards, ‘The 78’

The Lincoln Yards site currently stands completed grounded and paved, awaiting Sterling Bay's development to begin. The people behind the site promise that the community will benefit from increased tourism and opportunities for store owners, but those assurances are not logical when put into perspective.

Associated Press

April 8, 2019

Chicago Mayor Rahm Emanuel has agreed at the request of incoming mayor Lori Lightfoot to delay votes on tax packages worth about $2 billion for a pair of development projects. “In our first meeting, as well as in subsequent conversations, I made it very clear to the mayor-elect that I would not...

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Lincoln Yards