2 Chicago-Area Megasites Pick Up $3.6M In Selective Statewide Investment Program

August 21, 2023 / no comments

Illinois Gov. J.B. Pritzker has tapped two Chicago-area properties to receive funding through a new program intended to boost the number of large, investment-ready sites available for industrial expansion across the state.
Landmark Chicago Interest, a real estate development company, will get $2.2M from the Megasites Investment Program to help cover the cost of a $9.7M environmental remediation project on the southeast side of the city at the 439-acre former home of a U.S. Steel, Chicago Business Journal reports. 
Green Door Capital, a private equity firm, will receive $1.4M to put toward a $30M site consolidation project that features water and sewer work at a 279-acre site…