Chicagoland Chamber of Commerce Believes One Central Could Generate $120 Billion Worth of Economic Benefits

It still seems like a pipe dream to us, but One Central recently got some support (via Chicago Tribune):

The Chicagoland Chamber of Commerce is throwing its support behind the massive transit center and megadevelopment proposed over train tracks near Soldier Field, which it says could create $120 billion worth of new jobs, taxes and other economic benefits over the next four decades.

The nonprofit business organization, which represents more than 1,000 companies in the Chicago area, on Wednesday unveiled a report outlining the potential impact of the proposed One Central project on the local economy, tourism and regional transportation.

All that said, the article outlines the daunting hurdles the development would need to clear:

One Central will need all the help it can get as it tries to coordinate plans with transit agency leaders, handle the concerns expressed by neighbors and alderman and deal with a new mayor. Landmark will need all of them on board before it can break ground.

It’s unclear how the developer plans to finance the complex project, and whether it might include state or federal funds. Landmark has previously said it does not intend to seek tax-increment financing from the city.

When it comes to these "mega-developments" we will utter our favorite words - we will see...