Hilco’s Crawford Station Plan Wins Key Approval
Representatives of Hilco Redevelopment will go before the City Council’s zoning committee on Wednesday with plans to redevelop the shuttered Crawford Power Generating Station on the city’s Southwest side. Hilco plans to build a one-million-square-foot last-mile distribution facility on the 70-acre site.
The Chicago Plan Commission signed off on Hilco’s plan, known as Exchange 55, at a meeting last week. The redevelopment still needs approval by the full City Council.
Hilco acquired the facility, which was shut down in 2012, from NRG Partners for $12.25 million last December. The company finalized its plan to redevelop the facility, the largest of Chicago’s coal-fired power plants, after meetings with community groups and Ald. Ricardo Munoz, the Chicago Tribune reported.
The Tribune reported that Hilco plans to start construction next year with or without a tenant. “We believe if we build it, they will come,” Hilco’s Roberto Perez told the Tribune last week.
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