Reilly gives Wolf Point early OK
Citing significant plan tweaks, alderman sending development to Plan Commission
11/12/2012 6:17 PM
Wolf Point, the three-high rise development located at the site on the Chicago River where the city was born, is moving forward.
On Friday, Ald. Brendan Reilly (42nd) said in an email newsletter that he believed the project was ready to go before the city’s plan commission.
In moving forward, Reilly cited the bevy of changes the developers had made to the tower’s base and the park around it, as well as the fact that the developers had agreed to pay for infrastructure improvements on the streets surrounding Wolf Point.
“Over the past six months, my office has spent long hours in dozens of meetings with the Developer and city infrastructure departments to negotiate significant (and costly) changes to the Wolf Point site plan and traffic study,” Reilly wrote. “As a result, we have secured firm commitments that provide meaningful public benefits for residents of the River North and Fulton River District neighborhoods; and all residents of downtown's 42nd Ward.”
A local group that was formed to oppose the project, Friends of Wolf Point, is displeased with the decision. According to Crain’s Chicago Business, the group’s president Ellen Barry said she was “disturbed” by the alderman’s move. They’re hoping to meet with other city agencies to block the project, she told Crain’s.