“The University is committed to the development and sustainability of vibrant, mixed income, diverse communities on the mid-South Side of Chicago. Ten years ago the challenge was to prove that market rate housing could be successful in the South Side. Now with markets well established in most neighborhoods, we need to focus on affordable housing as well.”
“It is far more important to make the right decision than a quick one. ... It's not a situation where there is cost to either the observatory or the Williams Bay community. We want to get this right.”
“To be honest, this has turned out to be a more complicated transaction than we had expected. We want a win-win-win solution … to preserve Yerkes, generate revenue for the university, and add value for the surrounding area.”
