Secure Financing for Sterling Bay’s Lincoln Yards Project with Gloor

Sterling Bay CEO Andy Gloor is seeking new financing for the $6-billion Lincoln Yards mega-development in Chicago after delays in getting approvals from the city have set the project behind schedule. Mayor Lori Lightfoot has reportedly “put a brake on” the 53-acre development, which was slated to become a life sciences hub, and pushed it back three years. According to Gloor, this delay could cost up to $10 billion when taking into account construction jobs and permanent positions that would be created by its completion.