![]() Starks said the low-interest federal program is crucial to the project and others like it in “neglected and underserved communities.” “Financing wasn’t a barrier, it’s just the type of financing got delayed.” “I’d been on hold for seven months waiting for the allocations to be awarded,” she said. Lenders have committed to the project, she said, but the federal government shutdown last winter delayed Starks from receiving New Market Tax Credit funding. Credit: Maxwell Evans/ Block Club Chicago Inner City Entertainment plans to build an entertainment center to replace the old Urban Partnership Bank building at 7054 S. will be demolished to make way for the entertainment complex. The former Urban Partnership Bank building at 7054 S. ![]() SOUTH SHORE - The developer behind a planned entertainment center along the 71st Street corridor is “crossing fingers” it can still be completed by November 2020.įinancing is the only thing delaying the demolition of the site and construction of a 50,000 square-foot complex with a dine-in movie theater, a bowling alley and event space in its place, said Alisa Starks, owner of Inner City Entertainment.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |