Plans for the redevelopment of the Rosenwald Apartments at 47th and Michigan took a step forward recently when Chicago's Community Development Commission voted to recommend that it receive up to $25 million in tax-increment financing. The proposal contemplates 331 units of low-income and seniors apartments, with a small number of market-rate units.
A group of neighbors who live near the building have organized Rosenwald for All to work toward a more imaginative and viable redevelopment. Among their concerns is the lack of retail and service infrastructure in the immediate area to support the new residents. They're also questioning the wisdom of devoting public funds to a project that would cost (at current estimates) well over $300,000 per unit.
In the video you'll meet some of the members of Rosenwald for All, walk the neighborhood with them, and hear their concerns and their alternative vision for a more viable use of the property.
For more information, read the statement (pdf) the group submitted to the Community Development Commission prior to its vote.