A
proposed 25-story apartment complex in Chicago's Lincoln Park has become a contentious issue over affordable housing and development incentives. Sterling Bay's project at 1840 North Marcey Street is at the center of the debate, with Alderman Scott Waguespack opposing its height and a requested property-tax break tied to affordable housing commitments.

    The conflict escalated during a City Council meeting where Alderman Walter Burnett declined to bring the proposal forward for a vote after it was rejected in committee. A heated exchange between Waguespack and Alderman Jason Ervin led to a parliamentary shouting match and a brief recess to calm tensions.

    Sterling Bay defends its proposal, citing benefits such as 124 affordable housing units, 3,200 construction jobs, and millions of dollars in traffic infrastructure improvements. However, the project's viability depends on the City Council approving a "low-affordability community" designation for tax relief under the Affordable Illinois program. Waguespack has criticized this program as unfair, particularly with Mayor Brandon Johnson's proposed $68 million property tax increase.

    Sterling Bay managing director Fred Krol expressed hope for a compromise: "We remain interested in engaging with Alderman Waguespack in a constructive dialogue that will bring this project to life." The clock is ticking, with a December 25 deadline looming for a City Council vote. If no decision is made, Sterling Bay can appeal directly to the Department of Housing for approval, bypassing local opposition.