The council is expected to vote today on a plan to turn the old candy factory into a warehouse. But some residents who live nearby say the land should be used for a new high school.
If the warehouse plan is passed, the city of Chicago would loan more than $10 million in tax increment financing to the developer.
City officials say the warehouse could create up to 200 new jobs.
The council will also decide whether to make theater productions exempt from an indoor smoking ban and they will consider an ordinance that allows outside agencies to determine whether a firm qualifies as minority or female-owned.
Aldermen may also vote on a resolution opposing war against Iran.