The city of Chicago has leased four parking garages to generate more than $122 million for improvements to the city's parks.
"Money from leasing four publicly owned downtown parking garages will provide financing for about 100 neighborhood park-improvement projects, from new fieldhouses at five parks to new playgrounds at 50 others, Mayor Richard Daley announced Thursday."
"The $122 million for the projects also will help pay for what were described as major renovations for existing park facilities."
"The garage funds represent the bulk of Park District money available for construction projects during the next two years, according to the district's five-year capital improvement plan. The district typically is able to budget only about $35 million annually for such expenses, but will spend about $60 million in both 2007 and 2008."
"But as with other public agencies, what is needed still far exceeds the resources available, said parks General Supt. Timothy Mitchell."
FULL STORY: Garage leases to fuel park upgrades
Coming Soon to Ohio: The Largest Agrivoltaic Farm in the US
The ambitious 6,000-acre project will combine an 800-watt solar farm with crop and livestock production.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
U.S. Supreme Court: California's Impact Fees May Violate Takings Clause
A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.
Dallas Surburb Bans New Airbnbs
Plano’s city council banned all new permits for short-term rentals as concerns about their impacts on housing costs grow.
Divvy Introduces E-Bike Charging Docks
New, circular docks let e-bikes charge at stations, eliminating the need for frequent battery swaps.
How Freeway Projects Impact Climate Resilience
In addition to displacement and public health impacts, highway expansions can also make communities less resilient to flooding and other climate-related disasters.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
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