Committee on Economic, Capital and Technology Development, November 12, 2026
Decided: Public hearing: Magnificent Mile Business Improvement District (BID No. 1)
What happened
On November 12, 2026, the Committee on Economic, Capital and Technology Development acted on Public hearing: Magnificent Mile Business Improvement District (BID No. 1).
Chicago's Committee on Economic, Capital and Technology Development held a public hearing on November 12, 2026 on establishing the Magnificent Mile Business Improvement District (BID No. 1), the first BID in Chicago and Illinois. No vote was taken.
- Jurisdiction
- Chicago, IL
- Governing body
- Advisory (makes a recommendation)
- Date
- November 12, 2026
- Decisions
- 4 zoning decisions
- Outcome
- Decided
Free sample: decision 1 of 4
Public hearing: SSA 22 Andersonville term extension
Hearing on SSA 22 (Clark Street, Andersonville; 40th, 47th and 48th wards). The proposal would authorize new special services and a levy of up to 0.5% of EAV through tax year 2040, a 15-year extension. The service provider is the Andersonville Chamber of Commerce. The 2027 budget is $455,308. Supporting signatures came from 68 of 323 PINs. DPD requested the committee's support. Public comment was mostly supportive, with George Blakemore opposed. No vote was taken.
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Key Decisions (4)
Public hearing: SSA 22 Andersonville term extension
Public hearing: SSA 26 Edgewater extension and expansion
Public hearing: SSA 73 Chinatown extension and expansion
Public hearing: Magnificent Mile Business Improvement District (BID No. 1)
Full write-ups and conditions for all 4 decisions in Pro.
Development Activity (2)
The Shops at Northbridge $40 million capital improvement
Commercial
360 Chicago observation deck expansion and transformation
Commercial
Market Signals (4)
Commercial Demand
Michigan Avenue vacancy rose from 15% in 2019 to 33%…
Commercial Demand
Under the 2024 state law, DPD received seven BID applications…
Commercial Demand
A planned Chicago Fire stadium north of Chinatown is cited…
Sentiment
Property owners in Andersonville, Edgewater, Chinatown and the Mag Mile…
Who spoke
19 distinct speakers; 4 identified names.
All speaker roles: 2 Chair, 11 Public, 4 Councilmember, 1 Clerk, 1 Staff.
Identified name roles: 1 Clerk, 1 Chair, 1 Staff, 1 Councilmember.
Speaker sample: Mark Roshan, Staff.
3 more identified names in Pro: 1 Clerk, 1 Chair, 1 Councilmember.
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Meeting audio
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Zoning terms (4)
44 recorded timestamps
- public hearing (21 timestamps)
- commercial (21 timestamps)
- approved (1 timestamps)
- residential (1 timestamps)
Decision moments (4)
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4 recorded decisions. Available full write-ups are included with Pro for Chicago.
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