CHICAGO (WLS) — The City Council is facing a packed agenda Wednesday during its regular meeting.
One of the big items up for vote is the first phase of the 1901 Project, a massive effort to revitalize the area around the United Center.
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It would add housing, retail and entertainment space to the West Side. If it’s approved developers say they could begin construction this summer.
The council is also expected to vote on a proposal for $830 million in bonds to finance different capital improvement projects for the city.
The mayor’s proposal passed through the finance committee last week.
RELATED:1901 Project proposal by United Center owners unanimously approved by Chicago Plan Commission
Some alders are worried about the repayment plan, where the city wouldn’t start making payments until 2027. Then, it would only be interest payments until 2045.
It could also impact the city’s long-term debt, especially considering the city’s recent credit downgrade, which is near junk bond status.
Alderman Gil Villegas from the Thirty-sixth Ward is planning to propose a resolution on January 6th. This resolution aims to prevent individuals involved in the January 6 Capitol attack from being employed by the city.
Various significant settlements are also on the agenda for approval. One notable settlement is a $27 million award for Angela Parks’ family. Parks sustained severe injuries in an incident involving the Chicago Police Department back in 2022.
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