$98 Million Bond Issue
Mayor Daley on Wednesday proposed a $98 million city subsidy to make way for “a new city” on the site of the old U.S. Steel South Works plant — and earned a surprise political endorsement in the process.
Ald. Sandi Jackson (7th), wife of U.S. Rep. Jesse Jackson Jr. (D-Ill.), said she ran for aldermen in 2007 with the $397 million development project as “the marquee behind me.”
We especially wonder about this part of the article:
- Assuming there are no hang-ups in environmental clean-up, construction of Phase One is expected to begin in 2013 and end four years later, creating 1,500 construction jobs and 1,000 permanent jobs.
Labels: city politics