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Taxpayers are out more than $30 million on University of Illinois' scuttled South Loop project

Summary by Chicago Sun Times
Seven years ago, Mayor Rahm Emanuel and Gov. Bruce Rauner invited dignitaries to a 62-acre plot of land in the South Loop and offered a bold promise: The long-vacant property would be transformed, with a high-tech research facility to be built there that would give a massive economic boost to the city of Chicago.The University of Illinois would operate the proposed $285 million facility, dubbed the Discovery Partners Institute. It would sit on a…

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WirePoints Illinois Financial News broke the news in on Friday, January 31, 2025.
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