amend the Bulk Regulations and Data Table to reduce the maximum permitted amount of commercial space and the maximum permitted number of hotel rooms, . . . the maximum permitted number of residential units would increase from 300 to 1,350 and the maximum Floor Area Ratio would increase from 10.0 to 32.0. The proposed changes would permit construction of a residential tower approximately 2,000 feet high, containing up to 1,350 residential units, and approximately 1,350 off-street parking spaces. (42nd Ward)The smart money has the proposal, which has the blessing of Chicago Mayor Richard M. Daley, easily winning the Plan Commission's approval. Still in question is whether or not Kelleher actually has the resources to bring the project to reality.
As part of the marketing push for the Spire, last January Santiago Calatrava also came up with a new design for the proposed DuSable Park, which is on the other side of Lake Shore Drive just east of the Spire site. No funding mechanisms were offered for the proposal, however, although Kelleher appeared to have pledged $500,000 towards an estimated final cost of $12,000,000.
In March, Kelleher and Calatrava made another pitch for the project before a special meeting sponsored by the Grant Park Advisory Council, at which Kelleher's contribution was announced as rising to $6,000,000, although the ever-evasive developer has managed not to be pinned down on a final commitment.
The city's inability to bring DuSable Park into being has been an enduring civic disgrace, exposing the lethargic underbelly of the City That Works - Sometimes, and for the Right People. The DuSable park proposal, for a three acre patch of land just south of the Ogden Slip, goes all the way back to 1987, when then-mayor Harold Washington, announced it as a way to honor Jean-Baptiste DuSable, a native of Haiti who built Chicago's first permanent settlement at what was then the mouth of the Chicago river just east of present-day Michigan Avenue.
Even as the city was spending over $200,000,000 on Millennium Park, matched by an even larger amount of corporate support, DuSable Park, despite its prime location just west of Navy Pier and relatively meager $12,000,000 budget, has been left to twist slowly in the wind, used for as a dumping ground for soil excavated for nearby high-rise projects.
For two decades, the city and the Park District have left the site, adjacent to Chicago's most popular tourist attraction and adjoining a new prime upscale neighborhood, a forlorn dump, with earth piled high into picturesque, but garbage strewn moors contaminated by radioactive Thorium, a remnant of the lakefront's former industrial history when the Lindsey Light Company used it in its gaslights to impregnate the filament-like mantles that burned to provide the light.
Everyone and his brother is weighing in on the Spire, and I'll be joining them shortly. For now, I have just one piece of advice to the city:
Get the check.If Kelleher can come up with a billion or more to finance the Spire, he should have no trouble sorting through his pocket change to come up with a $6,000,000 good-faith commitment to fund DuSable. The city should put the screws to Kelleher to get this money, now, before they allow him to turn a single spade of soil for his gargantuan project. That way, even in the worst case scenario - Kelleher goes bust and the Spire goes unfinished - we at least get the park and DuSable finally gets his fitting memorial.