Chicago Lakeside Development

Chicago Lakeside Development- is  a proposed  369-acre redevelopment of former U.S. Steel SouthWorks site

10 miles (16 km) south of downtown Chicago adjacent to Chicago South Side neighborhood.The plan calls for 13,575 new homes, 17,500,000 square feet (1,630,000 m²) of retail and other commercial space, a new high school, 1,500-slip marina,125 acres of public land, lakefront access, new bike paths, and commuter rail and bus service would house 150,000 people.^[1] The Chicago Lakeside Development Master Plan will take an estimated 25 – 45 years to complete and will cost more than $4 billion in both public and private funds.^[2]

Project status

The South Works site has been vacant since 1992, when Pittsburgh-based U.S. Steel closed its plants.September 15, 2010 Chicago Plan Commission approved the project . Chicago Lakeside Development, LLC a joint venture between McCaffery Interests and United States Steel Corporation are developing the development. Phase I of Chicago Lakeside Development includes a mixed-use shopping and residential district known as The Market Common with construction to begin in 2012.The project is estimated to generate more than 1,500 temporary construction jobs and 1,000 permanent jobs when complete .^[3] The Dave Matthews Band Caravan will put a space between the past and present in what will be Chicago’s most unusual concert venue, at least on July 8, 9 and 10. The outdoor, no-seating, multistage festival will take place on the site of the steel plant. The land cuts like a boomerang into Lake Michigan and has sparkling views of the city skyline about 10 miles to the north. The festival will be the first exposure for most concertgoers to the hardscrabble neighborhood and the new Lakeside Development that is slated to include 50,000 residents, stores, a high school and a marina. The event is a public-private partnership among U.S. Steel Corp., Lakeside developer McCaffery Interests of Chicago, festival promoter Starr Hill Presents and, in a rare collaboration, Chicago concert giants Jam Productions and Live Nation. After a press conference at the barren site, Jam chairman Jerry Mickel­son couldn’t say what the venue capacity will be, but he did say there will be secured parking for 30,000 cars. There will be no camping. The venue will be temporary, like the pavilion on Northerly Island. It's said that the concert festival will draw more than 70,000 people a day to the Southside Shore.^[4]

See also

• Sandi Jackson
• United States Steel Corporation

References

1. ^ Smith, Patrick (2010-04-26). "Huge development in work". http://columbiachronicle.com/huge-development-in-works/. Retrieved 2010-04-26. 
2. ^ Bergen, Kathy (July 28, 2010). "Daley seeks $98 million for Southeast Side development project". Chicago Tribune. http://articles.chicagotribune.com/2010-07-28/business/ct-biz-0729-us-steel-20100728_1_first-phase-sandi-jackson-town-homes. Retrieved July 28, 2010. 
3. ^ ?, ? (September 9, 2010). "Chicago City Council approves phase 1 redevelopment of Chicago Lakeside Development". http://www.rejournals.com/2010/09/09/chicago-city-council-approves-phase-1-redevelopment-of-chicago-lakeside-development/. Retrieved September 9, 2010. 
4. ^ ?, ?. "Dave Matthews Band Caravan using U.S. Steel site for 3-day concert". Chicago Sun-Times. http://www.suntimes.com/entertainment/4717635-421/dave-matthews-band-caravan-using-u.s.-steel-site-for-3-day-concert. 

External links

• http://www.mccafferyinterests.com/
• http://www.dmbcaravan.com/chicago-lineup/

Coordinates: 41°44′31″N 87°32′10″W / 41.742°N 87.536°W / 41.742; -87.536