The Chicago Teachers’ Pension Fund (CTPF) has “declined to take further action” in backing the Lincoln Yards megaproject, reported Crain’s.

Sterling Bay had turned to the fund in an attempt to secure funds supporting the plans for the 53-acre project between Lincoln Park and Bucktown, as the developer continues to search for a financial partner for the $6 billion project. Sterling Bay’s proposal had suggested a more than $300 million investment from the Chicago Teachers’ Pension Fund.

“We are grateful for the chance to thoroughly evaluate this proposal,” CTPF board President Jeffery Blackwell. “However, after careful deliberation, it became evident that the investment did not align seamlessly with the goals of our fund. This was a difficult decision for our trustees, as there were many positive aspects of the development, but ultimately it was not the right fit for CTPF. We will not be pursuing this investment.”