Mayor Emanuel Announces Tentative Settlement Reached For Sale and Redevelopment of Old Post Office

Proposed Buyer Agrees to City’s Terms and Deadlines to Move Redevelopment of Longtime Vacant and Decaying Property Forward
CHICAGO--(ENEWSPF)--April 12, 2016.  Mayor Rahm Emanuel, Alderman Danny Solis, and Planning and Development Commissioner David Reifman today announced a tentative settlement with the proposed buyer of Chicago’s old Post Office that establishes a strict timeframe for a private purchase and redevelopment project to move forward. The announcement follows Mayor Emanuel’s move in February to take control of the building through eminent domain due to its decades of neglect and deterioration.

“This agreement establishes a strict timeline for . . .

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