City, State Officials Announce Plans For U of I South Loop Research Institute
Illinois and Chicago officials are unveiling plans for a massive outpost of the state’s flagship university in Chicago’s South Loop.
The University of Illinois research institute will bring together students, faculty, researchers, and businesses. The 62-acre site will also include homes, offices, and a river walk.
The university campus alone will cost about $1.2 billion.The funding for that is unclear for now — a development plan is set to come out next year.