After years of neglect, the community is getting an infusion of much-needed capital investment and development. But can it attract more businesses by growing its population of young singles and families?
Across the street, developer Torrey Barrett is preparing to build the first of two apartment buildings, part of the city’s Invest South/West initiative. Less than a mile south, entrepreneur Erika Allen and her partners are launching an anaerobic digester that will convert food waste to renewable energy and compost for farming. And Metra is starting construction of a $30 million station at 79th Street on the Rock Island Line. Overall more than $130 million is being invested in the beleaguered community.
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