Lincoln Yards
Coverage of Lincoln Yards in the Nexus archive.
- 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.
- 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.