The Transformation Of Chicago's East Loop

18 October 2004 - 9:00am

Chicago's recently-opened Millennium Park has transformed Chicago's East Loop into a thriving (and profitable) neighborhood.

"Since the July opening of the 24.5-acre, $475 million park, which also features a performing arts pavilion, theater, restaurant and ice-skating rink, 'the sheer number of people in the area has exploded.'

...Condo developers undertaking new construction in the area are taking profits of 15% to 20%... [T]he residential buzz is making every owner of an under-performing office building rethink their highest and best use.”

Source: National Real Estate Investor, October 1, 2004
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The following list shows the top 10 metropolitan statistical areas, as defined by the U.S. Office of Management and Budget, where commuting by public transportation has grown the most. None of them are among the nation's top 10 most populous metro areas, and yet seven are within the top 20.