Plan to Develop Main Post Office Area Gets Through City Council; Construction Could Theoretically Begin

There has been a ton of speculation and rumors about the old post office, but apparently the most recent plan is moving forward (although it's got a long, long way to go - story via DNAinfo.com):

Renderings for Development (Image from DNAinfo.com)

A plan to develop a three-tower mixed-use complex around the landmark former Chicago Main Post Office sailed through City Council Wednesday after a recommendation from the zoning committee, clearing a path for construction that could take more than two decades to complete. 

Architect Joseph Antunovich, of Antunovich Associates, told DNAinfo.com Chicago that phase one of the construction, expected to take seven to 10 years, will build out 5 million square feet at a cost of $1.5 billion. The second half of phase one, building another 5 million square feet, likely would cost more.

The story gives more details on the scope of the project as well as some complaints from South Loop Neighbors.

Anyway, many people think this site could become the "Chicago Casino" spot.  Time will tell.

(Hat tip:  NR!)