Lincoln Yards Project Moves Forward Over Objections

Craig Dellimore
January 24, 2019 - 6:12 pm

Sterling Bay

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CHICAGO (WBBM NEWSRADIO) -- The Chicago Plan Commission has approved Tax Increment Financing as part of the massive North Side development known as Lincoln Yards -- a major hurdle for the project.

The panel's decision Thursday came over some objections.

Ald. Scott Waguespack, who heads the City Council Progressive Caucus, joined dozens of people who asked the commission to delay its vote on the $6 billion development project.

The project is in Ald. Brian Hopkins’ ward, and he pushed for the approval and timeline. He brushed off suggestions from fellow City Council member Michele Smith that the pace was akin to approval of the controversial parking meter deal.

"It's become a very cheap gimmick around here to invoke that card for everything you're opposed to," he said.

The sprawling redevelopment would transform part of the Chicago River’s North Branch with park land, commercial development and even skyscrapers.

The plan must go before the City Council Zoning Committee, chaired by Ald. Danny Solis, now caught up in the Ed Burke federal case. No committee meetings are scheduled right now.