Abstract
Obtaining community development bank support for renovating a derelict city-owned building in Chicago's South Side was just part of the challenge. Despite being seasoned residential real estate investors, a couple must nonetheless overcome many hurdles: Obtaining bank financing, participating in extensive city project review and approval, meeting elaborate labor requirements, and attaining Leadership in Energy and Environmental Design (LEED) certification, among others. Excerpt UVA-ENT-0156 Rev. Dec. 7, 2012 LETTING THE SUN IN: REDEVELOPING A DERELICT OFFICE BUILDING IN CHICAGO The yellow taxi pulled over to the curb, and Clarence Hall climbed into the back seat, sliding over to allow his wife, Lisa, to enter. The driver, of Middle Eastern origin, glanced in his rear-view mirror expectantly. “Cafe Trinidad, 75th Street, please,” Clarence said. . . .
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