An encouraging begin to Mayor Lori LightfootвЂ™s spend South/West system
ItвЂ™s good to see City Hall building an attempt that is serious revitalize ChicagoвЂ™s historically neglected Southern and West side commercial areas.
Share this tale
- Share this on Facebook
- Share this on Twitter
Share All sharing alternatives for: An http://nationaltitleloan.net/payday-loans-ar encouraging begin to Mayor Lori LightfootвЂ™s spend South/West program
The Austin communityвЂ™s derelict former Laramie State Bank could be renovated and accompanied by brand brand brand new buildings that are residential section of ChicagoвЂ™s spend South/West system. Supplied illustration
An architecturally significant, but long-abandoned Austin community bank could see new way life as a vibrant multi-use building featuring a cafe, a blues museum вЂ” as well as a bank branch.
The proposed $37.5 million change regarding the old Laramie State Bank, 5200 W. Chicago Ave., is just one of the first three tasks announced this week underneath the townвЂ™s Invest South/West system.
ItвЂ™s still early вЂ” and we truly reserve authorization to criticize spend South/West if it begins to get sideways вЂ” but also for now, weвЂ™re happy to look at town building a severe effort at revitalizing historically disinvested Southern and West side commercial areas.
No top/down neighbor hood preparing
Spend South/West happens to be a signature effort of Mayor Lori LightfootвЂ™s management.
Revealed in 2019, the plan that is three-year to get $750 million in inactive and struggling retail areas in 10 communities.
The townвЂ™s planning department identified parcels and given needs for proposals when it comes to web web internet internet sites to redevelopment groups. The initial three teams that are winning selected after their schemes had been evaluated by the targeted communities вЂ” had been announced this week.
We that way populous city preparing Commissioner Maurice Cox, a transplant that is a newcomer to the methods right right here, is prepared to buck yesteryear and provide communities a vocals in directing the choice procedure.