Finance Committee backs $201.6M subsidy for Foundry Park megaproject
Foundry Park, a developer’s $3 billion replacement for the failed Lincoln Yards megaproject on the North Side, moved closer to reality Tuesday over the objections of a powerful union.The City Council’s Finance Committee signed off on Mayor Brandon Johnson’s plan for a $201.6 million tax increment financing subsidy that would pave the way for JDL Development to start building Phase 1 of the scaled-down project “before the end of the year.”It passed by voice vote, without a roll call.Before the…
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