Pace Slows For Key Vote On Lincoln Yards Subsidy

Chicago City Hall
By WBBM Newsradio 780 AM & 105.9 FM

CHICAGO (WBBM NEWSRADIO) – Chicago Mayor-Elect Lori Lightfoot won at least a brief victory over the controversial Lincoln Yards project on Monday.

Current Mayor Rahm Emanuel agreed to end his pressure for an immediate, crucial committee vote on the North Side redevelopment.

Community activists cheered when word came that Mayor Emanuel would bow to Lightfoot’s wishes and hold off on a vote to approve more than $1 billion in tax subsidies for Lincoln Yards and the South Loop project called The 78.

Finance Committee chair — and outgoing 40th Ward alderman — Pat O’Connor put off any action until another meeting Wednesday morning, before the full City Council meets.Ald. Scott Waguespack is on Lightfoot’s side. She has suggested the city could get a better deal from private developers.

“A delay is helpful. It allows Mayor-Elect Lightfoot to start looking through some of the issues that are out there, and questions,” Waguespack said.

But sponsoring Ald. Brian Hopkins say the private sector has already made major concessions.

“We’ve made so many significant modifications to this plan since it was introduced. And now some of the critics and opponents are using that as a reason to justify further delay.”