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Re: (rshsdepot) Union Station, Chicago, IL



do I denote politics?
- ----- Original Message ----- 
From: "Bernie Wagenblast" <brwagenblast_@_comcast.net>
To: "Rail Depot List" <rshsdepot_@_lists.railfan.net>
Sent: Wednesday, March 09, 2005 11:18 AM
Subject: (rshsdepot) Union Station, Chicago, IL


: From today's Chicago Tribune.
: 
: Bernie Wagenblast
: Transportation Communications Newsletter
: http://groups.yahoo.com/group/transport-communications
: 
: ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
: 
: Union Station proposal may be back on track
: 
: 
: 
: By THOMAS A. CORFMAN
: 
: Lincoln Property Co. is talking to potential tenants about a long-range 
: proposal for a twin-tower office development on top of Union Station, a 
: possible sign that the Dallas real estate firm will be Amtrak`s choice as 
: the new developer of the historic structure.
: 
: The selection of a developer has renewed urgency for cash-strapped Amtrak, 
: after the Bush administration threatened last month to push the national 
: passenger railroad into bankruptcy in order to force a restructuring.
: 
: Amtrak is looking for a new developer after a 2002 deal with Prime Group 
: Realty Trust fell apart. A railroad spokesman declined to comment.
: 
: A final decision has not been made, and Amtrak could still turn to one of 
: the Chicago-based finalists: residential firm Draper & Kramer Inc. or Jones 
: Lang LaSalle Inc., which has a mixed-use proposal with about 500,000 square 
: feet of office space, similar to a plan city officials have already 
: approved.
: 
: But sources said Lincoln is proposing two towers of roughly 20 stories each 
: on top of the station, which was designed by architect Daniel Burnham with 
: upward expansion in mind. The towers, each with about 600,000 square feet of 
: space, would be located along the north and south sides of the station, 
: which occupies the block bounded by Jackson Boulevard and Canal, Clinton and 
: Adams Streets.
: 
: Construction would not start until a tenant agreed to lease about half of a 
: tower, with completion by 2009 at the earliest. The station`s existing upper 
: floors would be redeveloped into rental apartments, sources said.
: 
: =================================
: The Railroad Station Historical Society maintains a database of existing
: railroad structures at: http://www.rrshs.org
: 

=================================
The Railroad Station Historical Society maintains a database of existing
railroad structures at: http://www.rrshs.org

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End of RSHSDepot Digest V1 #1103
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The Railroad Station Historical Society maintains a database of existing
railroad structures at: http://www.rrshs.org