Could Alderman Solis’ corruption scandal derail Related’s The 78 megaproject?

A call for city to investigate the $7B development plan came from a candidate vying to replace the embattled official

Feb.February 04, 2019 01:05 PM

Alderman Danny Solis and Alex Acevedo with The 78 (Credit: Facebook)

A candidate vying to replace Alderman Danny Solis said the city should tap the brakes on Related Midwest’s $7 billion megaproject following an ongoing federal corruption probe.

Alex Acevedo called for the city inspector general to look into any role Solis may have had in fast-tracking The 78 project in the South Loop, which could bring up to 10,000 new homes. Acevedo made the request while acknowledging he was not aware of any impropriety by Related or Solis regarding The 78, according to the Chicago Sun-Times.

The Chicago Plan Commission gave the massive project a key initial approval in November, and on Tuesday it is set to go before the Community Development Commission. That agency was also set to consider a tax increment financing district for the area around the the development, which could generate some $700 million for infrastructure improvements.

The 78 site sits within Solis’ 25th ward, and as chairman of the City Council’s Zoning Committee he backed the ambitious development. Solis resigned from the chairman’s post last week amid growing controversy over the corruption investigation in City Hall.

Documents show Solis was under federal investigation since 2014, and that he wore a wire to record colleague Alderman Ed Burke (14th), who’s now facing attempted extortion charges. [Chicago Sun-Times]John O’Brien

Related Articles

From left: A rendering of Related Midwest's skyscraper and a rendering of Golub and CIM Group's skyscraper (Credit: Related Midwest and Golub and CIM Group)

As a skyscraper proposal nears approval in Streeterville, another is still at a halt

PepsiCo CEO Ramon Laguarta and WeWork CEO Adam Neumann with the Old Post Office (Credit: Getty Images)

Space race: WeWork, PepsiCo may take a combined 320K sf at 601W Companies’ Old Post Office

Tribune Tower redevelopment pricing revealed, two hotels planned for Elk Grove: Daily digest

Don Biernacki, Related Midwest’s senior vice president and a map of Wells-Wentworth Connector (Credit: City of Chicago)

Related, Sterling Bay launch loan fund to assist minority- and women-run firms secure contracts

Base Capital Group and Hartshorne Plunkard Architecture’s plans for a 12-story hotel at 1043 West Fulton Market

The Hotel Hunger Games: Why some of Fulton Market’s projects may not survive

Chicago casino operator probably won’t make much money, Tishman Speyer poaches JLL broker: Daily digest

Related's Curt Bailey and One Bennett Park

Related Midwest thinks it can get up to $17M for raw space at One Bennett Park

Homes in Chicago's Archer Heights neighborhood (Credit: iStock)

Chicago Cheat Sheet: Chicago home value growth hits 3-year low, another suburban corporate exodus…& more