Emanuel unveils plan for refurbishing 'opportunity areas'

March 17, 2013 8:00:33 PM PDT
Chicago Mayor Rahm Emanuel has unveiled his vision for seven city neighborhoods that he says have major economic promise.

Emanuel dubbed the neighborhoods "opportunity areas".

The plan would cost about $3 billion and most of the money, $2.6 billion, would come from private funding. More than $300 million would come from federal, state, city land and transportation funds.

His proposal includes a long term redevelopment plan for the old Michael Reese hospital site in Bronzeville and in Englewood, the mayor proposes that city land could be converted into urban agriculture sites.