Chicago is in a housing crisis & in dire need of tax revenue. Yet @AldermanHopkins has decided to oppose a project that would bring $2.5m/year in tax revenue, a grocery store, & is identical in scale with its neighboring high-rises. Ald. Hopkins is an agent of our city's decline.
Alderman Hopkins has announced his decision to block a proposed development that would have brought 500 new apartments and a grocery store to Old Town Chicago.
The tower was projected to bring in $2.5 million per year of property taxes for the City of Chicago.
It would have 400 market rate apartments, and 100 affordable units as mandated by the Affordable Requirements Ordinance.
There are many towers in the area with the same height. The proposal fits the 'neighborhood character'.
The city just had its credit rating lowered, and elected officials in wards where new housing can pencil out are busy restricting investment into the city. The inmates are running the asylum.
Actions speak louder than words @AldermanHopkins. You have forfeited your ability to complain about rising property taxes ever again.
@EtiolatedLimb@Nirgal451@buildhomez@SustainableTall My gut says full-scale demo won’t happen and is being described as option of last resort. Retrofit and redevelopment of the parking lot has got to be more cost-effective.
Happening tomorrow Jan 15 @ 6pm
The first-ever 'inclusionary application' community meeting in Chicago. The developer is attempting to bypass aldermanic prerogative, a gentlemen's agreement where a proposal requires the support of the local alderman to be approved.
Come out! 🔗👇
If you’d like to see 500 new homes get built in Old Town, the most impactful thing you can do is call Alderman Hopkins’ office!
(312) 643-2299
Office Hours: Mon - Fri: 9AM-5PM
@the_transit_guy I wouldn’t be so sure. Not only does Project 2025 specifically calls for defunding transit, but Elon also considers investment in public transit a threat to Tesla.
@Sarcasm_____INC@OnlyInBOS@MayorWu This is literally a picture of an ambulance able to successfully circumvent bumper to bumper car traffic by using bike lane. Seems to me like this bike lane saved some lives today.
@Metra - I just left a large conference at McCormick Place and almost no one considered taking the @metraMED back to the Loop because the schedule shows it’s a 30min trip when in reality it’s only 8-10mins. You should consider getting rid of this kind of scheduling ‘padding’.
@sarahslavin@Arjaytoo@ChicagoDOT@cta@thisisUIC I do. I live near 2 nursing homes and frequently see people in wheelchairs choosing to use bike lanes versus the uneven/poorly maintained sidewalks. There is also a segment people that can’t drive for medical reasons and need to rely on other forms of transpo including biking.
@Arjaytoo@ChicagoDOT@cta@thisisUIC What a disingenuous argument considering NHTSA's data shows cars killed 40,990 in the US in 2023 alone. That and the overwhelming majority of research on the subject concludes that bike infrastructure improves safety outcomes for *all road users*.
@Arjaytoo@ChicagoDOT@cta@thisisUIC A good case to be made for better bike and pedestrian infrastructure and as well as improved bus service so we can get more of those cars off the road and out of the way of our first responders!