MAR 09, 2021
First round of major Invest South/West plans unveiled as city lags behind 2019 funding goals
City leaders on Monday raised the curtain on more than $67 million in new developments planned through the Invest South/West program, cementing the first round of major projects planned as part of the mayor’s signature economic development initiative.
Mayor Lori Lightfoot said Monday that the city has so far committed about $70 million in direct city funds to Invest South/West projects, a fraction of its October 2019 goal to sink more than $750 million into the program within three years. The mayor acknowledged that her administration has “got a little ground to make up” to reach its goal, but she said the public funds invested so far have already drawn $300 million in private investments to the 10 South and West Side neighborhoods targeted by Invest South/West.
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