Brandon Johnson deserves credit for supporting city subsidies for projects aimed at transforming struggling LaSalle Street into a mixed-use downtown neighborhood.
Charles Comiskey, in car from left, Mayor Richard J. Daley and Bill Veeck in a ticker-tape parade to celebrate the American League Go-Go White Sox champs on LaSalle Street on Sept. 24, 1959. That breeze Chicagoans just felt was the business community’s collective sigh of relief that Lori Lightfoot’s LaSalle Reimagined initiative has Mayor Brandon Johnson’s support.
LaSalle Street for more than a century was Chicago’s Wall Street — its premiere financial thoroughfare. Where did ticker-tape parades take place? LaSalle Street. The view south on LaSalle culminating in the gorgeous, art deco Chicago Board of Trade building remains iconic. Despite the administration’s positive words about LaSalle Reimagined, its actions in the early months after Johnson took office caused worries among developers and the downtown aldermen who supported the initiative. To balance his first budget, the mayor used a record $434 million in TIF surpluses to close most of the gap, including substantial amounts from the LaSalle Street TIF.
Pedestrians cross LaSalle Street in front of the Chicago Board of Trade building in the Loop on April 2, 2024.
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