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

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.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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