April 10, 1992 – The U. S. Steel Group’s South Works closes its doors, ending a run at this location that goes all the way back to 1882 when the company began as the Chicago Railway Mill Company, and the mill that once produced steel beams for most of Chicago’s skyscrapers and jobs for thousands of area residents” ends its run [http://forgottenchicago.com/articles/south-works/], leaving an uncertain future. A U. S. Steel spokesman, Thomas R. Farrall, says, “We want to get value from the facilities. The mill is one direction real estate and development is another direction.” [Chicago Tribune, April 10, 1992] About 730 workers will lose their jobs with the closing. Only 30 of those are eligible for pensions. Various development schemes have been hatched over the intervening years. The latest one for the 420-acre site, released earlier this year, envisions a build-out in four phases, each phase contributing 3,000 low- and mid-rise buildings, built around a harbor and spread over 30 city blocks along the lake shore. The area that the South Works covered is shown in the photo above. Imagine the view of a future resident as he or she looks across the lake toward downtown.
April 10, 1955 -- The Chicago Daily Tribune editorializes about a $5,000,000 appropriation