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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. At the center of the debate is the 25-story height and request for property-tax breaks tied to affordable housing commitments at 1840 North Marcey Street. Alderman Scott Waguespack, who represents the ward where the project would be built, has clashed with Sterling Bay over the proposal.

    The conflict escalated during a contentious City Council meeting, where Alderman Walter Burnett declined to bring the project forward for a vote after its rejection in committee. Waguespack argued that council procedures should not allow a chairperson to table a zoning proposal indefinitely, leading to a heated exchange with Alderman Jason Ervin and a brief recess.

    Sterling Bay has defended 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 the program as unfair, particularly given Mayor Brandon Johnson's proposed $68 million property tax increase.

    Sterling Bay managing director Fred Krol expressed hope for a compromise, saying the company remains interested in engaging with Alderman Waguespack in a constructive dialogue. The clock is ticking, with a Dec. 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.