One Central development will create $120B in public revenue, says Chicago Chamber

One Central, the ambitious plan to cap the train tracks west of Soldier Field with a massive mixed-use development and transit center, earned the backing of the Chicagoland Chamber of Commerce. On Wednesday, the group released a 36-page study touting the economic benefits of the proposal including $120 billion in taxes and transit revenues over 40 years....

...As presented by Wisconsin-based Landmark Development in March, the 34-acre One Central project would sit atop a 50-foot-tall deck supporting ten skyscrapers, public open space, and a landscaped pedestrian bridge connecting the South Loop to the lakefront. A proposed transportation hub would serve Metra, CTA, and Amtrak trains and a proposed “Chi-Line” circulator utilizing the sunken busway between McCormick Place and the Loop...