Olympic Village might replace Michael Reese Hospital
Deal for 2016 will affect McCormick Place air rights
Heart of Chicago, Chicago, Ill. —
It looks like the proposed $1.1 billion Olympic Village will be making the move west -- from a site that would have been built using air rights over a truck-staging area for McCormick Place, to the soon-to-be-shuttered campus of Michael Reese Hospital.
The Daley administration has reached an "agreement in principle" with Medline Industries, owner of the 37-acre hospital campus, and filed a zoning application to get the ball rolling on development.
Michael Reese is closing because of financial troubles.
The "planned development" application was quietly filed at Wednesday's City Council meeting.
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