Mayor Lightfoot Celebrates Invest South / West Achievements on First Anniversary
CHICAGO – Mayor Lori E. Lightfoot today joined Ministry of Planning and Development Commissioner Maurice Cox alongside local and community leaders and representatives of the private and philanthropic sectors in the development of Ogden Commons in North Lawndale to celebrate the accomplishments of the Mayor’s first year signing Initiative South / West INVEST. Announced in October 2019, this pioneering program brought together government, business, philanthropies and community leaders to lay the groundwork for the long-term revitalization of ten under-invested neighborhoods in South and West Chicago. In its first year, the City invested more than $ 70 million in public resources in these corridors and mobilized more than $ 300 million in private and philanthropic commitments.
“Over the past year, INVEST South / West has brought together the combined powers of Chicago’s government, private, philanthropic and community sectors to bring real and visible opportunities and change to our residents and neighborhoods that have been historically divested ever since. generations, ”said Mayor Lightfoot. . “But our work has only just begun. As we enter our second year, we move forward with new partnerships, tenders, support for minority developers and more, as we continue our shared mission of building a city where everyone. world has an equal chance of success and ability. live their dreams. “
The INVEST Sud / Ouest initiative comprehensively concentrates planning and financing tools along 12 trade corridors in ten neighborhoods that have historically served as focal points for pedestrian activity, retail trade, services, transport. , public spaces and quality of life amenities for local residents. One year after the announcement and nine months after the official launch of the program, the City has already invested more than $ 70 million in public funds to begin revitalizing these neighborhoods.
These investments have led to notable improvements in many places in the communities, including new park facilities, streetscapes, CTA improvements, regional business centers to meet the needs of small businesses in the neighborhoods. and the new Artists in Residence program which will integrate full-time artists. in four INVEST Sud / Ouest neighborhoods. The city’s investments have also supported the 4400 Grove mixed-use development in Bronzeville, the recently announced VOA housing development in Englewood and the 1000 Homes project, a development project led by the Department of Housing that will bring infill housing into the North Lawndale neighborhood, in partnership with United Power.
“These initial, community-driven investments are strategically focused where they will have the greatest impact on local residents and businesses,” said Maurice Cox, Commissioner of the DPD. “With our neighborhood partners, we will continue to build on their momentum to ensure that INVEST Sud / Ouest resonates for years to come.”
Private organizations have listened to the rallying cry and demonstrated their partnership with the INVEST Sud / Ouest initiative by committing more than $ 300 million to programs aligned with the goals of Mayor Lightfoot’s flagship neighborhood development initiative. This includes a combination of philanthropic and corporate commitments to grants and loans to small businesses in INVESTMENT South / West neighborhoods, such as commitments from JP Morgan, Fifth Third Bank, BMO Harris and Starbucks, funds such as the Development Fund and the costs of private development projects planned or started on the corridors Many of these commitments will be critical to the success of projects, including the finalists for the Chicago Prize and the development of plots that the city submits to the community and city promoters. These commitments show that the private sector is responding to the call for collaborative investment and, combined with targeted public investments, is leading to the catalytic change designed by the INVEST Sud / Ouest model.
“Thanks to INVEST South / West, the community of North Lawndale is on a path to transformational revitalization,” said Michael Scott, Jr., Councilor for Ward 24. “We’re starting to see the fruits of our labor, and I want to thank Mayor Lightfoot for pushing for catalytic change in neighborhoods that need it most.
The City has prioritized community engagement and collaboration as part of the INVEST Sud / Ouest initiative to ensure that local stakeholders guide the development process. Mayor Lightfoot announced on Friday the selection of community organizations that will coordinate public and private investments along the INVEST South / West neighborhood trade corridors. This corridor manager program is emblematic of the City’s commitment to reorganize processes to ensure greater community participation in decision-making. The City has also sought internally to create changes in its own processes, such as issuing requests for proposals (RFPs), to ensure that community engagement and building community wealth are key elements of the efforts. . The City has launched a series of monthly neighborhood roundtables in each hallway to serve as a forum for bringing together business owners, aldermen and community organizations to discuss current projects and how best to meet the needs of the neighborhood. .
“INVEST South / West has lofty goals that will be achieved through community engagement and local decision-making,” said Craig Chico, Executive Director of the Back of the Yards Neighborhood Council. “As the Corridor Manager for the New City Priority Community, I am delighted to support Mayor Lightfoot’s flagship economic development initiative and excited about the future of my community.
In addition to the $ 70 million of public funds already invested, DPD launched in August the first calls for tenders within the framework of the INVEST Sud / Ouest initiative. The tenders are seeking developers for key and underutilized properties in three targeted neighborhoods: Auburn Gresham, Austin and Englewood. These developments will be supported by municipal funds and will create pedestrian-focused mixed-use projects that meet local development needs while encouraging additional investment in adjacent blocks. DPD is expected to announce the winners early next year, and the next round of tenders for INVEST South / West developments will be announced by the end of the year.
Today’s announcement took place at the construction site of Ogden Commons, a $ 200 million multi-use development project that will be completed by 2026. It will be the new flagship development at the north end of the North Lawndale INVEST South / West Corridor, and will include The retail business on the ground floor is brought to you by Ja ‘Grill and Steak’ n Sheak, two minority owned and operated businesses that have received grants from the through the City’s Neighborhood Opportunity Fund. This is part of the City’s commitment through INVEST Sud / Ouest to use all of the City’s sources to support local development that prioritizes the representation of minorities.
“The City’s Neighborhood Opportunity Fund and Mayor Lightfoot’s transformative vision for North Lawndale allowed me to bring my business to Ogden Commons,” said Melvin Buckley, owner / franchisee of Ogden Commons Steak ‘ n Shake. “This development will be a cornerstone of the neighborhood and I am delighted to have this opportunity.”
The Ogden Commons development includes Mt. North Lawndale Sinai Surgery and Ambulatory Care Center, which received a $ 7 million grant from the
June. Along with a $ 4 million grant to Auburn Gresham Health Lifestyle Hub, these investments, which were paid for through the CARES Act, are part of Mayor Lightfoot’s commitment to tackle the healthcare deserts in the corridors of INVEST Sud / West and align with the violence of the city. Discount plan, released earlier this fall.
The ten INVEST Sud / Ouest districts are as follows:
- Auburn gresham
- North Lawndal
- Humboldt Park
- Quad / Bronzeville communities
- New city
- Roseland / Pullman
- South Chicago
- South Shore