Something that is happening around Lincoln Park is the Lincoln Yards. This is a big project that is being constructed by the group Sterling Bay.Their idea also behind this project not only creating a new Chicago but also bring jobs to their area. The agenda given to supporters noted Sterling Bay’s intention to create more than 10,000 construction jobs in addition to 24,000 permanent jobs, according to the company. Another thing to remember is at the moment the land is mostly industrial or vacant. If Sterling Bay builds Lincoln Yards it will become, some of the most valuable residential and commercial property in the city. Property owners there would be paying tens of millions of dollars in property taxes.
A person that was interviewed wants to be known as CL and he happened to be affected by this project going on. The first interview was with an individual who wishes to go by CL. Three questions were asked to Pat and CL they are same three questions and there view opposed each other which was intended. First ,(OL) ”Do you think this is a realistic project ?”. (CL) “Yes, I think it is although I do think it will take a lot longer than they planned on. I was building a two story house and the projected timing on completion was a year and a half but it ended up becoming three.”
(OL) Do you think it will create jobs ?” (CL)”Yes I do think it will create many jobs this is a huge project and I know they will be looking for a lot of people who have backgrounds in constitution.”
(OL)” Do you think this will affect your day to day life ?” Already Stanley’s is a food store that sold fresh fruits and vegetables from has closed. A quote from the owners were " we saw the writing on the wall and elected to close it now" so honestly I wouldn’t be too surprised if other smaller businesses might close down which is unfortunate but just a reality of capitalism.”
Next, Pat who lives about 3 minutes from that area so near his neighborhood he had some good opinions on the matter. (OL)”Do you think this is a realistic project ?” (Pat)”No, I honestly think this will go the same way as the spire building downtown. This was a project by Shelbourne Development Group. It was planned to be a 1,865 foot building supposed to be started in 2007 and done in 2012 and the project went bankrupt unfortunately cool idea though.”(OL) “Do you think it will create jobs ?” (Pat)”It would for sure create jobs for construction workers if they deals go through but you also have to think about when the project ends then you have 10,000 people without work.” (OL) “Do you think this will affect your day to day life ?” (Pat)” Yes it would, I go over there to get food at Trader Joe's and all I can see there if there was this new development is a lot of traffic. Also some of the roads back there are not super well paved.”
The reason the Lincoln Yard project has many mixed opinions. Some think that it is a good job making opportunity and good way to gentrify the old factory area. Others think that the money given to the company from the government is not smart and should be spent in other places. The fact is that the government will make so much money from the taxes of the places that it has a chance of making the cash back. To be honest, this is a huge project and there are many hidden expenses when building things. Some small issues that can possibly take hundreds of thousands of dollars.
This project amazing idea and it will change Chicago forever. This because other big companies like sterling bay will see this massive project and then think maybe they can do the same in another vacant area. Like everything there clearly is some opposition from racially related issues to just not wanting change this can be overcome though.
(image of lincoln yards)
Koziarz, Jay. “How the $5B Lincoln Yards Megaproject Will Transform Chicago's North Branch.” Curbed Chicago, Curbed Chicago, 19 July 2018, chicago.curbed.com/2018/7/19/17576244/lincoln-yards-development-sterling-bay-details.
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