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The spire site in Chicago is making strong advancements in its development. The plan is to construct two towers that will alter the skyline. However, the site has encountered challenges on its way to completion.
Problems With Spire Site
The plan has been under development for quite some time. Unfortunately there are multiple roadblocks that city planners must go through in order to see its completion.
From zoning laws to public spaces, the issues of creating these two towers has been the subject to dispute. In order for the first tower to go through, a second 2,000 foot tower will be built next to it.
The challenges come from city planning during a global pandemic. With many businesses and operations shut down, the prospect of developing these towers has been put on hold. There is no timetable as of now for the spire site to go up.
Plans for the spire were put forth in the 1980s but failed to meet the planned budget. The plan then went forward in 2006, but the 2008 housing recession bushed back the date even further.
Now, with COVID-19 putting a halt on all global businesses, the plan has run into another roadblock: shutdowns across the country are making the site’s owners wait indefinitely.
The Site Receives Support
The construction will take upwards of 15 million dollars to complete. The contracting company that will put forth the development will place 10-million in funding. The remaining 5 million will come from other development officials who will oversee a Riverview walkway.
As for a projected completion of the project, things remain uncertain. Fortunately the plan is going through. The empty lot where the plan has been put on hold since the ’80s will see new life, amenities and will change the Chicago skyline for years to come.
