As development comes to South Shore, gentrification is focus of group aiming to safeguard residents
“I’m more so excited to see the new businesses and how we can grow from the gentrification from the projects that are coming like the Obama library,” McDowell said as he flipped a sizzling filet of white fish.
“It will give local residents currently living in the community an opportunity to have a voice in local development,” said Tonya Trice, executive director of the South Shore Chamber of Commerce and a member of the We The People Steering Committee. How precisely community investors would share in any potential largesse remains to be determined as well as assurances that rents for residents and tenants will be affordable.
There also is a chance it is a fully philanthropic purchase where community members are not putting up money and instead any proceeds get reinvested into the community, which would raise questions about whether the CIV board would stay a for-profit entity. A Metra train travels along 71st Street in Chicago’s South Shore neighborhood on June 8, 2023. A string of anticipated developments have some residents optimistic and others fearing gentrification.
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