• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Daily News Chicago

The Chicagoland's Top Daily News Source

DAILY NEWS CHICAGO
The Chicagoland's Top Daily News Source

  • Home
  • LOCAL NEWS
  • BUSINESS
  • POLITICS
  • REAL ESTATE
  • MEET THE TEAM

$20 Million Dollar Investment Coming To South Chicago Neighborhood – CBS Chicago

October 12, 2021 by Lonny Benson

CHICAGO (CBS) — The Morning Insiders break news.

And it’s good news for a South Chicago neighborhood. It’s about to get a $20 million shot in the arm, thanks to an investment from Fifth Third Bank.

READ MORE: White Sox Take On Astros For Game 4 Division Series Tuesday

The bank will actually be pouring $180 million into nine neighborhoods across the nation. CBS 2 Morning Insider Tim McNicholas takes us to the South Side to see the very spots about to be spruced up.

Crumbled concrete and broken, boarded up windows. It’s a vacant eyesore that has long frustrated neighbors near 92nd and Burley.

“It’s very depressing to see that. No one wants to live somewhere where it’s very desolate and abandoned.” said Lakesha Winners.

“These will be demolished.”

But Angela Hurlock said in a few years, that blighted block will be an affordable housing development. There will be 82 unit anchored by a 6,000 square-foot grocery store. Hurlock’s nonprofit Claretian Associates is bringing that plan to life in South Chicago.

“A lot of people have thought we’re just a dying community. Well, we’re not. We’re still here,” Hurlock said. “And these projects are truly important because we’re a thriving community. We want people to be able to live here and thrive here.”

READ MORE: Woman Punches Man Attempting To Rob Her In West Town

It’s funded by Fifth Third Bank, which also partnered with Claretian to map out eight other developments along 91st and 92nd street, from Commercial Avenue to Harbor. It’s all part of a $20 million plan to redevelop the South Chicago neighborhood over the next three to five years.

“And that comes through not only philanthropy dollars but business loans, homeowner loans, those types of things to help really build up the different components of our community,” Hurlock said.

She said the project will also beautify the neighborhood, add public outdoor spaces and transform a vacant building into a café at 92nd and Brandon. Hurlock expects the investments to spark more developments and help revamp a neighborhood that’s struggled with crime and blight.

“I told you I’ve been waiting on this project for a long time.”

Lakesha Winners lives about a block away from the planned grocery store.

“It’ll be an overwhelming feeling because it’s something that this neighborhood really needs,” Winners said.

MORE NEWS: Chicago Weather: Showers Tuesday Morning, Afternoon Sunshine

She hopes it’s the start of South Chicago’s comeback story. The official announcement is coming in a few hours, but count on CBS 2 to bring you news first.

>>>#ad: Don't Miss Today's BEST Amazon Deals!
Originally Appeared Here

Filed Under: LOCAL NEWS

Primary Sidebar

More to See

Chicago Shooting News Live Updates: Police find man suspected in shooting at Chicago-area parade; six dead, 30 injured

Chicago Shooting News Live: A gunman on a rooftop opened fire on an Independence Day parade in suburban Chicago on Monday, killing at least six people, wounding at least 30 and sending hundreds of … [Read More...] about Chicago Shooting News Live Updates: Police find man suspected in shooting at Chicago-area parade; six dead, 30 injured

Stand out in any market

The real estate industry is beyond crowded — it seems like agents are popping up everywhere and taking aim at your clients. So, how can you cut through all that noise to stand out? You’ve got to … [Read More...] about Stand out in any market

Highland Park parade shooting kills 6, wounds more than 30

Chicago Mayor Lori Lightfoot confirmed to the New York Times that the Chicago Police Department is assisting in the response and investigation.  “Law enforcement is working hard to bring the shooter … [Read More...] about Highland Park parade shooting kills 6, wounds more than 30

Privacy Policy | Terms and Conditions | About/ Contact
As an Amazon Associate I earn from qualifying purchases.
Copyright © 2022 · Daily News Chicago . Log in