Block Club Chicago South Shore Residents Could Soon Invest In And Control Local Developments Through A New Project
April 07, 2023SOUTH SHORE — Leaders in South Shore are launching a project that aims to give neighbors more control over — and possibly a chance to profit from — developments in their community.
The We the People community investment vehicle would buy and control real estate in South Shore using neighbors’ investments. It’s intended to help residents capitalize on the increased attention to the neighborhood as the Obama Presidential Center, Regal Mile Studios and Thrive Exchange developments are built, officials said.
We the People can help residents overcome the challenges in accessing commercial real estate in South Shore, said Tonya Trice, executive director of the South Shore chamber’s community development corporation.