CHICAGO-Following the approval of the city, plans to redevelop the US Steel plant site on the south lakefront. The 470-acre South Works site extends into Lake Michigan.
The master plan for the project was designed by Skidmore, Owings & Merrill. The $4-billion development will include 17.5 million square feet of commercial and retail space, 13,575 homes for 50,000 new residents, a marina and a school. The city has awarded a tax increment financing grant of $98 million for the project. For the full story, go to New York Times.
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