ALDERMAN TOLD, NOT SO FAST
Community groups try to slow $5 bil. Lincoln Yards development
A coalition of community leaders tried Monday to slow down the Lincoln Yards freight train before it leaves the station.
Friends of the Parks, Friends of the North Branch Park & Preserve, North Branch Works, the Bucktown Community Organization and the Chicago Independent Venues League all urged Mayor Rahm Emanuel and Ald. Brian Hopkins (2nd) to call off a vote on the $5 billion development at Thursday’s meeting of the Chicago Plan Commission.
Hopkins set the stage for that vote by signing off on developer Sterling Bay’s latest iteration of the project. Hopkins already had nixed a 20,000-seat soccer stadium and live entertainment district with large music venues controlled by LiveNation.
“We, as Chicagoans, know that this is a city plagued with parking meter deals and redlight camera scandals. This is why this needs to be slowed down. There’s no such thing as a Daniel Burnham plan that gets pushed through in a few months,” said Juanita Irizarry, executive director for Friends of the Parks.
Steve Jensen of the Bucktown Community Organization cited two reasons for caution.
One is Emanuel’s plan to create a new taxincrement-financing district, paving the way for a $900 million TIF subsidy to support infrastructure improvements needed to unlock Lincoln Yards’ development potential.
The other is the mayoral election, just five weeks away. Jensen noted there is essentially a lame-duck mayor, Council and Plan Commission.
The TIF district will take money from the city general fund, “thereby increasing our property taxes and, possibly, pushing us out of our homes,” Jensen said.
“The speed of this project being approved is troublesome,” he added. “The developer has stated it will take over 25 years to build this project out. We see no reason why they can’t wait another month.”
Robert Gomez, co-chair of the Chicago Independent Venues League, noted there is “not one word” in Sterling Bay’s revised, 58-page proposal about the number of live entertainment venues now that Hopkins has killed the part of the plan that included a live entertainment district, with large venues that would have been controlled by LiveNation.
The leaves the owners of small music venues fearful of being starved of talent and driven out of business with little more than Hopkins’ word that Lincoln Yards will include “a smattering of small venues.”
“How many is a smattering? . . . And how
big will these venues be?” Gomez asked.
Gomez stressed small music venue owners are “not anti-LiveNation” but are concerned about “any mega-conglomerate having controlling interest in multiple venues of undisclosed sizes” in Chicago, he said.
Hopkins responded to the slow-down chorus by demanding that critics of the massive development along the Chicago River in Lincoln Park and Bucktown be specific about precisely what they want to change; the project now includes 6,000 residential units and 15 million square feet of building space.
“That’s the relevant discussion we need to have now. Not the pace of the process. Not whether two or three large community hearings is the appropriate number. The time to argue about the process has passed. The time to comment on the very specific presentation of what Sterling Bay would like to build is here,” the alderman said Monday.
Hopkins flatly denied the project is being rushed through the Plan Commission in part to lock in the massive TIF subsidy before Emanuel leaves office. In fact, he argued there have been “adequate opportunities every step of the way” for community input and that feedback “has shaped this plan now before us.”
The mayor’s office agreed there is “nothing rushed” about a project “three years in the making” that has been the subject of “more than 50” community meetings.
“The feedback was clear and Sterling Bay worked together with the Alderman and the City to bring forward a community-based plan that is fair [and] equitable for everyone,” the mayor’s office said in a statement Monday.