"Chicago Mayor Secures $150M for LaSalle Street Office Building Conversions"
Chicago Mayor Brandon Johnson is moving forward with the LaSalle Street Reimagined Initiative, originally proposed by former Mayor Lori Lightfoot, to convert four downtown office buildings into apartments, with at least 30% designated as affordable housing. The initiative aims to repurpose vacant space, attract new investment, and revitalize the central business district, with approximately $150 million in tax increment financing allocated for the renovations. While proponents see this as a positive step, some question the use of taxpayer dollars for downtown restoration. The plan requires approval from the City Council and other committees.