Leaving her mark on a downtown redevelopment effort in the final weeks of her administration, Mayor Lori Lightfoot is naming three plans for mixed-income housing as eligible for city subsidies.
The three winning developments have made public TIF requests totaling $188 million, but how much they get will be negotiated along with other details. Work could start in 2024.
A new mayor “is going to face the same post-pandemic challenges that we faced,” Mayekar said. Meanwhile, “There’s a tremendous amount of excitement on the La Salle corridor based on these announcements,” he said. Asked about that, Mayekar said, “We have a high degree of confidence that these [projects] will move forward.” He said each is from a proven developer who offers ample evidence of financial backing.
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Lightfoot backs 3 subsidized housing plans for LaSalle Street corridorLeaving her mark on a downtown redevelopment effort in the final weeks of her administration, Mayor Lori Lightfoot is naming three plans for mixed-income housing as eligible for city subsidies.
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Mayor Lightfoot backs 3 subsidized housing plans for La Salle Street corridorMayor Lori Lightfoot is naming three plans for mixed-income housing as eligible for city subsidies.
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Mayor Lori Lightfoot backs 3 city-subsidized LaSalle Street apartment projectsDevelopers of three separate proposals are seeking a combined $188 million in city funding to create a total of 1,000 new apartments.
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