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Chicago Sun-Times
Chicago Sun-Times
National
David Roeder

Developers make pitches for La Salle Street subsidies

Six teams are competing for city funding to help bring housing to former office buildings along La Salle Street. (Tyler Pasciak LaRiviere/Sun-Times file)

Developers seeking the city’s blessing for projects to rejuvenate La Salle Street have gone public with detailed plans, their qualifications for the work and the level of public subsidies they want.

In the important category of tax increment financing, the six developing teams collectively want $388 million in help for investments valued at $1.1 billion. Not all will get it; city officials said they will narrow the field to up to three chosen projects.

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