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  • Chicago 2016's Proposed Olympic Village Moving Forward


    CHICAGO (July 23, 2009) In an effort to move forward with the redevelopment of the Michael Reese Hospital property the proposed site of Chicago 2016s Olympic Village the Public Building Commissions (PBC) Board of Commissioners announced the award of two additional contracts for the demolition of nearly all of the structures on the property.

    On June 12, the PBC issued bid documents for the demolition of four groups of buildings consisting of a total of 24 structures on the Michael Reese Hospital campus. Bids were required to be submitted to the PBC by July 8.

    Since the City of Chicago purchased the former Michael Reese Hospital property, $12.7 million in contracts have been awarded with approximately 50 percent of these contract dollars being committed to minority, disability and women-owned businesses.

    We are excited about our plans for the Olympic Village because it will leave a great legacy for our city a new residential and retail community that will benefit the people who live in the surrounding neighborhoods and across the city, said Patrick G. Ryan, chairman and CEO of Chicago 2016. With todays announcement, we are already realizing the positive benefits of this project, including the participation of minority-owned businesses and local workers.

    The PBC manages construction and renovation projects for the City of Chicago and its other sister agencies. Mayor Richard M. Daley serves as the PBCs chairman. Additional information about the PBC and its projects is available at the agencys Web site:

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