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zoning proposal for Sterling Bay's Lincoln Park apartment complex has become a test case for Chicago's approach to affordable housing and development incentives. The project, which would add 25 stories to the area, is tied to a property-tax break contingent on affordable housing commitments. Alderman Scott Waguespack opposes the plan, citing concerns over the tax relief program, particularly in light of Mayor Brandon Johnson's proposed $68 million property tax increase.

    The dispute came to a head during a contentious City Council meeting, where Alderman Walter Burnett declined to bring the project forward for a vote after its rejection in committee. Sterling Bay has defended its proposal, highlighting 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.

    Sterling Bay managing director Fred Krol expressed hope for a compromise, stating that the company remains interested in engaging with Alderman Waguespack in a constructive dialogue. With a December 25 deadline looming for a City Council vote, Sterling Bay can appeal directly to the Department of Housing for approval if no decision is made, bypassing local opposition.