Mayor Rahm Emanuel announced nearly $3 billion in private and public development projects in Chicago through a new "Opportunity Planning" initiative, where seven geographic areas throughout the city were identified for opportunity-based development initiatives. The City of Chicago will be leveraging $2.9 billion – including $330 million public funding and $2.6 billion in private funding – in new economic development, housing, and quality of life improvements for residents and businesses. The neighborhoods include Englewood, Pullman, Rogers Park, Uptown, Little Village, Bronzeville, and the Eisenhower Corridor.
Mayor Rahm Emanuel also introduced a new plan last week, Farmers for Chicago, that will make up to five acres of city-owned lots available to local non-profits who will in turn cultivate the land and create a network of area farmers, according to a Huffington Post article. "These areas already have momentum. The initiative will coordinate ongoing progress with strategic investments to produce faster and more sustainable results," said Andrew J. Mooney, commissioner of the Department of Housing and Economic Development.
"Each of these areas is unique and full of potential and the City will play an important role in supporting their growth. Economic development and a neighborhood's success are reliant upon the support and strategic vision these 'Opportunity Area' plans provide," said Mayor Emanuel. "The City of Chicago in coordination with the private sector has a vital role to play to help communities showcase and support their entertainment, economic and cultural assets. Only then will Chicago be able to live up to its potential as the global city that it should be."
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