No renaissance in sight at Chicago’s Beverly Ridge

Here’s a tip you can take to the bank: when the alderman’s wife is heading up sales for a new home development, the odds are high that the development shouldn’t have been done.

And here’s another: when the city pops for an $11.6 million TIF to clean up a contaminated light industrial site and prep it for residential development, the odds are high that the money was wasted.

If you’re looking for a harbingers-of-hopeless trifecta, place that development between I-57 and the Metra tracks along a forlorn stretch of Vincennes Avenue. The result: Renaissance of Beverly Ridge, now being called The Homes Located at Beverly Ridge and the Homes of Vincennes.

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