By LORRAINE SWANSON, Editor
Blaming limited financial resources, Fix Wilson Yard withdrew its lawsuit against the City of Chicago and a private developer on Thursday, putting further litigation on hold for one year.
[...] Fix Wilson Yard President Molly Phelan told an audience of 30 supporters gathered at the Holiday Club in Buena Park on Thursday evening that it was the neighborhood group that had initiated settlement talks with the city and Holsten to bring the lawsuit to conclusion.
The neighborhood group had asked that rental housing in the development go back to the 80/20 mix of market rate and affordable housing that was originally presented to the Chicago Joint Review Board back in 2004. Fix Wilson Yard also asked that an independent community review board be established to have input into management of the senior and family housing, and oversight of how TIF funds were spent within the Wilson Yard TIF District.
“We wanted to talk about possible solutions for the community to rally around the Wilson Yard development and move forward,” Phelan said. “We wanted to have a dialogue with the city where they understood that mistakes were made and the issues that the community had with developer and the TIF … Unfortunately, both the city and developer told us to go fly a kite to put it nicely.”
Read the entire story, including Peter Holsten's reaction, and what happens next, at Lake Effect News.