Monthly Archives: November 2012

Land bank would revitalize distressed properties

November 30, 2012 – Chicago Tribune “A land bank that would acquire, manage and repurpose vacant and abandoned properties in Cook County is one step closer to reality.” Read full article Learn more about how the ULI Chicago Cook County Land Bank TAP  is providing recommendations on scope and operations for the proposed Land Bank to the Land Bank Advisory Committee

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New Member Breaks Ice at Breakfast Meeting

Becoming an Urban Land Institute member was an important decision for me considering that I’m a mother, a working professional, and an MBA student.  Through my participation in the MBA program, I’ve come to realize that my networks are not as strong as I had thought.  I am generally connected to engineers and other project consultants in the western suburbs, but less so with other industry professionals in both the suburbs and the City.  Now that school is winding down and my children have become more independent, the timing was … Read More

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Land Bank Buildup – a tool for reactivating foreclosed and vacant homes, and revitalizing neighborhoods

November 27, 2012 – Chicago Sun-Times “A committee impaneled by Cook County Board President Toni Preckwinkle has endorsed the establishment of a government-run land bank to acquire decayed properties and bring them back to productive use.” Read full article Read more about ULI Chicago’s Cook County Land Bank TAP

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ULI Chicago Members Judge UrbanPlan Final Presentations at DePaul

ULI Chicago members, John Mays and Pete Tortorello, acted as the “City Council” for the concluding session of UrbanPlan at DePaul University last week.  They listened to student presentations, challenged their proposals as a typical city council would, and awarded the development contract to the winning student development team, Urban Design Group, Inc., for their Elmwood Centre concept. Their vision centered around a new urbanist approach: balancing strategic historic preservation with urban infill of new mixed-use development and greenspace and attracting artists, young professionals and emerging retail tenants to support revitalization. The … Read More

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Housing Sector will Not Return to Peak Levels says ULI Chicago Panel

Thank you to panelists Stephen Malpezzi (Professor of Real Estate & Urban Land Economics, University of Wisconsin), Peter Tremulis (Vice President, Pulte Group, Inc.), Charles Young (Regional Director, Waypoint Homes) and to moderator Theresa Frankiewicz (Vice President, Crown Community Development) for sharing their insights at ULI’s November 14, 2012 breakfast panel on the recovery of the housing sector. Although we are approaching 800,000 annual housing starts, we are unlikely to return to the prior peak level of 2 million starts achieved in 2006.  However, the panelists did expect that the … Read More

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ULI Members Guide Students in Development Challenges with UrbanPlan at DePaul University

ULI member, Ben Ranney, Terra Firma Co., will act as a facilitator on November 8 for an UrbanPlan session taking place at DePaul University.  Ten students will form development teams and respond to a “request for proposal” for the redevelopment of a blighted site in a hypothetical community. Each team member assumes one of five roles: finance director, marketing director, city liaison, neighborhood liaison, or site planner.  As students work to outline their development proposals, facilitators challenge the students to think more critically about development issues and the specific responsibilities of … Read More

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