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Foundry Park

Coverage of Foundry Park in the Nexus archive.

Earliest in view: Jun 9 · 21:07 UTCMost recent: Jun 10 · 00:01 UTC
Co-mentioned in this coverage
JDL Developmentorganization2Kayne Anderson Real Estateorganization2Chicago Riverplace2Department of Planning and Developmentorganization1Lincoln Yardsplace1tax increment financingtopic1Southport Avenueplace1Lincoln Yardstopic1tax-increment financingtopic1North Sideplace1
Recent coverage
  • BUSINESSJun 10 · 00:01 UTCBLOCK CLUB CHICAGO
    Foundry Park In Line For $200 Million In Public Funding At Former Lincoln Yards Site

    Foundry Park, a mixed-use development in the former Lincoln Yards site, may receive $202 million in public funding through tax increment financing for infrastructure like roads and parks. JDL Development and Kayne Anderson Real Estate will negotiate a redevelopment agreement, with the project focusing on housing, retail, and reduced office space compared to the original plan.

  • BUSINESSJun 9 · 21:07 UTCCHICAGO SUN-TIMES
    City panel backs $201.6 million TIF subsidy for Foundry Park

    A city agency approved a $201.6 million tax-increment financing (TIF) subsidy for Foundry Park, a $3 billion development on 31 vacant acres along Chicago's North Side. The project, led by JDL Development and Kayne Anderson Real Estate, aims to create over 3,000 homes, 20% of which will be affordable, and 6 acres of open space, including a riverwalk. The subsidy contrasts with the failed Lincoln Yards project, which collapsed due to financial pressures.