Mayor Lori E. Lightfoot’s administration and the Chicago Transit Authority (CTA) announced the 95th Street Transit-Oriented Development Planning Initiative, an important step toward encouraging new development near the recently reconstructed 95th/Dan Ryan Red Line station and bus terminal.
As part of the initiative, CTA has engaged the Metropolitan Planning Commission (MPC) to begin exploring concepts for Transit-Oriented Development (TOD) on eight vacant parcels acquired as part of the $280 million reconstruction of the 95th Street terminal.
In partnership with MPC, a community-driven process, called a Corridor Development Initiative (CDI), will seek community input on possible future development. Following the CDI process, CTA will develop a request for proposals from potential developers, reflecting the outcomes of the planning process, including community desires and feasible concepts.
The Metropolitan Planning Commission is an independent planning and policy organization founded in 1934. MPC’s CDI is a three-part planning process that helps residents understand issues — such as the true cost of development — while creating a set of priorities to guide community leaders as they plan for future development in their neighborhoods. Integral to the CDI is the hands-on opportunity for residents to "build" what they would like to see and test whether their projects are financially feasible.
The vision for this future TOD project will be shaped by input received through upcoming community meetings, details of which will be announced in the coming weeks.