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Article: Big plans for Pullman; Kelly envisions a new neighborhood on site of Ryerson steel plant.(News)
- Article from:
- Crain's Chicago Business
- Article date:
- July 14, 2008
- Author:
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: THOMAS A. CORFMAN
Billionaire banker Michael Kelly is picking up where utopian visionary George Pullman left off.
The non-profit development arm of Mr. Kelly's flagship Park National Bank has acquired the former Ryerson Inc. steel plant on the Far South Side with plans for a retail-residential development that would revitalize an area the hardnosed industrialist founded as a workers' village in 1881.
The 170-acre Ryerson site at 720 E. 111th St. abuts Park National's 10-story office building along the Bishop Ford Freeway and the landmark Pullman District, where many of the buildings from Mr. Pullman's quixotic experiment still stand.
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