In 2018, Sterling Bay development company and Live Nation entertainment and ticketing mega-corporation announced a massive entertainment complex within the proposed Lincoln Yards development — along the Chicago River between Lincoln Park and Bucktown. The project would include multiple live music venues to be owned and operated exclusively by Live Nation.
Owners of 14 independent venues formed CIVL, the Chicago Independent Venue League. We are not against competition — CIVL members have been competing with one another for decades.
Sterling Bay wants Chicago taxpayers to provide $800 million in TIF funding to pay for the infrastructure for their Lincoln Yards project.
We are not opposed to responsible development that is done with community input. We are simply asking the city to slow down and do the proper vetting necessary for a project of this size. Delay the TIF until the next mayor and City Council take office.
Read details of CIVL’s position in Our Letter to the Citizens of Chicago.
Here are the latest news reports covering the Lincoln Yards project:
WTTW News: Growing List of Aldermen Speak Out Against Lincoln Yards Development
Chicago Reader: How Rahm plans to spend the $1.3 billion in TIF tax dollars he’s giving to Lincoln Yards
Chicago Sun-Times: Plan Commission accused of ‘rubber-stamping’ $6 billion Lincoln Yards project
”Our City Council process is in turmoil,” said Ald. Michele Smith (43rd), whose ward borders the 55-acre Lincoln Yards site that runs along the Chicago River in Lincoln Park and Bucktown.
“I respectfully ask this Plan Commission to delay the vote on this project for the sake of your reputation, for the sake of good urban planning and to demonstrate that we have good government that the public can trust.”
Chicago Sun-Times: Aldermanic hopeful, citing Solis connection, says hold off on South Loop project
Forbes: The Billionaire Banker in the Shadows
Chicago Tribune: Third time not the charm for Lincoln Yards plan. It still needs work despite alderman's hasty approval
Block Club Chicago: ‘The Rich Get Richer’: Will Public Money For Projects Like Lincoln Yards Deepen Racial And Economic Inequity In Chicago?
Street’s Blog Chicago: How the Lincoln Yards Development Could Impact Chicago Transportation
The Chicago Reporter: Lincoln Yards and the ‘lords’ of Chicago
Chicago Tribune: Chicago corruption and the race for mayor
WBEZ: Chicago Plan Commission Approves $6 Billion Lincoln Yards Proposal
Crain’s Chicago Business: The end of the Chicago Way