Reprinted from the Chicago Sustainability News email bulletin of 3 March 2016.
On February 18th, Mayor Rahm Emanuel announced an initiative that will generate millions of dollars in new investment into underserved communities throughout Chicago. The proposal will reform existing ordinance to allow developers to obtain additional square-footage for construction projects in the downtown area in exchange for investments to support neighborhoods in need of jobs and economic growth.
“Today we are establishing a new norm in Chicago where our most thriving areas will help our most struggling neighborhoods and communities.” Mayor Emanuel said. “My goal is to ensure that every resident in every neighborhood of Chicago has an opportunity to participate in the future that we are building in Chicago and by working together we can make that goal a reality.”