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West Loop II? Ambitious plan would cover Kennedy, create office hub

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Earlier today…

Preliminary plans call for eight to 12 acres of public park that would be built over the expressway, bridging the gap between the West Loop and the central business district, said Steven Fifield, president of Chicago-based Fifield. The recreational space would then serve as a catalyst for bringing new office towers, and tenants to fill them, to the neighborhood, he said.
The capping project would cost around $45 million if it were to span the three blocks between Washington Boulevard and Adams Street, and its first phase could be funded with tax-increment financing from the city, Mr. Fifield said. As more tenants move to the area, boosting tax revenue, the project would likely end up paying for itself, he said

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West Loop II? Ambitious plan would cover Kennedy, create office hub
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Written by eggplant

January 14th, 2013 at 10:10 am

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