How Chicago?s industrial past may fuel a high-tech future and real estate boom

Potential changes to zoning rules meant to protect the city?s manufacturing could radically reshape Chicago In a city where broad shoulders and a brawny industrial past are a civic cliche, there was always something magical about seeing sparks fly at Chicago?s A. Finkl & Sons Steel plant. In an industrial strip on the Chicago River, located in the near northwest side and sandwiched between two of the city?s hottest real estate markets, Lincoln Park and Bucktown, curious cyclists or drivers could roll down a rickety stretch of Cortland Street, bumping over embedded rail tracks and a paint-flecked bridge across the north branch of the Chicago River, and spy cylinders of red-hot, molten steel through the sliding doors of the century-old factory. Furtive glances at the Vulcan glow made more sense after passing the scrap heaps at Sims Metal Management next door; perhaps those husks of old cars or shredded pieces of aluminum fed the industrial beast. When the manufacturing center was razed last year (Finkl had already moved to a newer facility on the city?s South Side), it seemed symbolic of a shift that had been going on for decades, part of the slow decline of the heavy industry that helped build the city?s economy in the 19th and 20th century. But talk to developers, investors, and city officials today about the 28-acre site, and it appears like a new era is just getting started.
Ian Freimuth: Flickr/Creative Commons
A 2010 image of the A. Fi...
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