Lawsuit Says $1.3 Billion Lincoln Yards Tax Subsidy Benefits Mostly-White AreasTaxpayer funding for the Lincoln Yards project has already been approved by the Chicago City Council with a nod from Mayor-elect Lori Lightfoot.
Lincoln Yards Development To Bring Changes To Nearby Roads, CTA, Metra And MoreThe city gave the green light for the project Wednesday, and if you live in Chicago, you're going to help pay for it. The city council approved as much as $900 million in tax subsidies for the project.
Lincoln Yards and The 78 Get The Green Light From City CouncilLincoln Yards will soak up a as much as 900 million dollars in TIF subsidies, creating 6,000 housing units over its 70 acres. And The 78, a south of the Loop district along the Chicago River, could could consume up to 700 million in TIF funds, while creating 13 million square feet of residential and commercial space.
With Lightfoot's Backing, City Council OKs TIF Money For Lincoln Yards And The 78; Developers Vow More Contracts For Women, MinoritiesAfter asking for a delay in the approval process earlier this week, Mayor-elect Lori Lightfoot has given her blessing to two massive development projects, having secured agreements from the developers to increase the amount of construction work that will go to women- and minority-owned firms.
At Lightfoot's Request, Emanuel Seeks To Delay Vote On Tax Subsidies For Lincoln Yards, The 78Bowing to the wishes of Mayor-elect Lori Lightfoot, Mayor Rahm Emanuel on Monday said he wants to call off a planned City Council Finance Committee vote on $1.6 billion in tax increment financing for two massive development projects, Lincoln Yards and The 78.
Lightfoot Asks Finance Committee For More Transparency Before TIF Vote On Lincoln Yards, The 78Mayor-Elect Lori Lightfoot is calling for more transparency into two massive redevelopment projects, ahead of key votes on taxpayer financing for Lincoln Yards and The 78.
Lincoln Yards Project Advances As Zoning Committee Backs Massive RedevelopmentThe hotly-disputed Lincoln Yards project is moving forward, after receiving a key vote from the City Council Zoning Committee on Thursday.
Zoning Committe Debates Controversial $6 Billion Lincoln Yards ProjectAldermen are expected to take a crucial vote Thursday on the massive Lincoln Yards development project, as the City Council Zoning Committee debates whether to approve a controversial plan that would change the landscape of the North and Northwest sides.
Zoning Committee To Vote Thursday On Lincoln Yards DevelopmentThe developer of the Lincoln Yards project along the river on the North Side is making changes to the plans again, days before a big vote.
Lincoln Yards Developer Doubles Affordable Housing Commitment Ahead Of Zoning Committee VoteTwo days before the City Council Zoning Committee votes on the massive Lincoln Yards project on the North Side, developer Sterling Bay has agreed to double the number of affordable housing units it will build on-site.
Opponents Of Lincoln Yards Want Project Put On Hold Until Election Of New Chicago MayorThe $6 billion Lincoln Yards Project would span 55 acres of old industrial space along the Chicago River in Lincoln Park and Bucktown.
Lincoln Yards Plan Approved By Chicago Plan Commission Despite Opposition From Some Community GroupsA toned-down but still ambitious Lincoln Yards development plan--sans a 20,000-seat soccer stadium and large music venues--has earned the approval of 2nd Ward Ald. Brian Hopkins, but the $6 billion sprawling North Side proposal has yet to win over a coalition of community members trying to delay the city from giving it the green light.
Ricketts Pulls Out Of Plans To Invest In United Soccer League TeamSterling Bay said it will redesign its $6 billion, 54-acre Lincoln Yards project on Chicago's North Side excluding the stadium.
Lincoln Yards Entertainment, Sports Project Cancelled After Community OppositionThe entertainment district also drew opposition from Chicago's independent music industry, because music giant Live Nation would own it.
Alderman Rejects Soccer Stadium, Entertainment District For Lincoln Yards ProjectA 20,000-seat soccer stadium and an entertainment district run by Live Nation will no longer be part of the $6 billion Lincoln Yards project proposed for a stretch of land along the Chicago River on the North Side.