Plans for a $91 million apartment complex with some affordable units have stirred controversies throughout Chicago, including City Hall.
Biking around her Far Northwest Side neighborhood, Monica Dillon’s eyes sometimes linger past a nondescript parking lot east of O’Hare International Airport, squeezed between the Kennedy Expressway, some office buildings and a Marriott hotel.
“I just wish there would have been some options here at the time, and I know we’re not the only family,” said Dillon, 63. “In terms of affordable housing, there really was none.” John Frano stands along the 8500 block of West Higgins Road near the proposed Glenstar O'Hare development on April 25, 2022, in Chicago. Frano opposes the project.
Under the plan, for the first three years after the project is completed, the Glenstar property will be eligible for a freeze in its assessed value, resulting in significant property tax savings. That incentive will then steadily decrease for the next 27 years. But the alderman of the ward where the project will be located, Ald. Anthony Napolitano, 41st, said the Glenstar proposal will be a “monstrous development.”“Many of you here cheer the tax the rich philosophy, but now your ‘yes’ vote is going to once again benefit a rich developer by supporting a tax break,” Napolitano said during the committee hearing.
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