Reilly gives Wolf Point early OK

Citing significant plan tweaks, alderman sending development to Plan Commission

11/12/2012 6:17 PM

By Ben Meyerson

5 Comments - Add Your Comment

The slightly refined plans for Wolf Point now feature a restaurant and a broader riverwalk, but overall plans for the project’s height and scope remain mostly unchanged.
Courtesy Pelli Clarke Pelli Architects

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.

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By Mike from Fulton District
Posted: 11/17/2012 8:31 AM

With the city, CPS, CHA, and CTA, all broke, this is the best thing that could have happened to the city. Park land does not generate tax revenue. Residential and commericial buildings do. If you don't want to live in a city with skyscrapers and density, move to the suburbs or pony up a ton of money to make up for the lost tax revenue this will generate. This is prime territory in the second largest business district in North America. It's perfect for dense skyscrapers.

By craig n. jackson from westside
Posted: 11/16/2012 11:25 AM

That should be a park in a city this size open space not greed should be the major priority but as usual people who make these decisions arent effected by them.

By West loop realist from West Loop
Posted: 11/14/2012 6:23 PM

Of course Reilly backed it---he never met a special interest he didn't like. He is, never was, or never will be a supporter of the people who stupidly elected him. He is totally beholden to Emanuel and Madigan. He does Emanuels bidding on all issues and gets patronage from him for his sickening backing of all Rahmbo's initiatives. He also has loyalty to the trouble making bar owners on Division Street who he allows to do anything. Look at his donate list and you will see who Brenadan is for.

By Alan from West Loop
Posted: 11/14/2012 8:58 AM

Equine Scatology! Put the thing in Edgewater then. It's enormous, ugly, and there'll be no decent way to get in and out. If this neighborhood had real streets and not half bike lanes, it might help. Fie on Brendan Reilly, who is too receptive to Kennedy pimping and other such remuneration.

By everett blackman from edgewater
Posted: 11/13/2012 2:29 PM

It seems the benefits far outweigh the downside in terms of both jobs and badly needed tax revenue. Plus it would add excitement to Chicago\'s already fabled skyline. We have lost too many major projects already without putting the roadblocks on this one.