Chicago Seeks to Streamline Sales of Vacant City-Owned Lots
Chicago is seeking to streamline sales of thousands of vacant lots owned by the city in an effort to fight crime, increase the number of affordable homes and revitalize neglected neighborhoods, Bloomberg News reported. The city has identified 4,000 spaces that are clean and ready for sale, said Maurice D. Cox, commissioner for the Department of Planning and Development.
Turning lots into housing and community spaces like gardens, playgrounds and shopping centers is part of Mayor Lori Lightfoot’s strategy to boost investments in the city’s South and West Sides, according to Bloomberg.
The city of Chicago owns some 10,000 vacant lots, largely concentrated in economically challenged neighborhoods that have experienced decades of underinvestment, Bloomberg reported. Selling them could help reduce overall crime, which surged 38% this year despite a drop in murders, police statistics show. It could also boost affordable housing development.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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