ONE Central is more than a real estate development project.
Its associated Economic Opportunity Program, EquityWORKS, is a new model for
equitable economic development and community wealth building that creates opportunity for
minority communities unlike any the State of Illinois has ever seen.
Illinois Growth Corridor
ONE Central creates Chicago’s only multi-modal Transit Hub vital to providing transit access for South and West Side neighborhoods and throughout the metro area.
Because of the Transit Hub and the EquityWORKS program, ONE Central can reshape how targeted business and workforce development programs can and should be done. The opportunity is beyond just the ONE Central site … it includes a vision for a broader IL Growth Corridor.
+100,000
Commuters
South Side residents that gain access to jobs within a reasonable 30-45 minute commute
+$32 Billion Added Revenues
AECOM’s forecast of fiscal impact from SouthSideWORKS
+78,000
New Jobs
ONE Central is a gateway to new economic development & jobs for South Side residents
+235,000 Households
That achieve meaningful growth in household income, working to close the existing wealth gap
Positive
Social Impacts
Quality of life improvements to South Side residents as determined by health, education, wealth, crime indicators & more
Why ONE Central / EquityWORKS?
ONE Central / EquityWORKS invests in people
ONE Central / EquityWORKS invests in neighborhoods
ONE Central / EquityWORKS brings improved infrastructure and transit
ONE Central / EquityWORKS
INVESTS IN
People
ONE Central / EquityWORKS invests in people during both the construction AND the operations phases of ONE Central. Through a combination of new and existing programs, ONE Central and EquityWORKS will build M/W/DBE capacity, provide training and education, and build a pipeline of diverse talent for in-demand careers.​
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ONE Central will at minimum contract 30% MBEs & 10% WBEs
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ONE Central creates:
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19,000 new construction and related industry jobs
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68,000 new permanent jobs on-site
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78,000 jobs in South and West Side neighborhoods.
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ONE Central / EquityWORKS invests in neighborhoods by providing new, private funding sources to build affordable and workforce housing and stimulate other development throughout the South and West Sides along transit lines.
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The $1 billion in private investment across Chicago’s South and West Sides will support construction of:
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5,000+ rental housing units
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Up to 2,500 owner-occupied homes
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ONE Central will also unlock additional private investment opportunities along the Illinois Growth Corridor.
ONE Central / EquityWORKS
INVESTS IN
Neighborhoods
ONE Central / EquityWORKS
BRINGS IMPROVED
Infrastructure & Transit
ONE Central / EquityWORKS brings improved infrastructure and transit through equitable transit-oriented development to improve connections and reduce congestion in Chicago’s communities.
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The ONE Central Transit Hub will be one of the nation’s only four-system transit hubs and the largest station in Chicago
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The Transit Hub will provide access to jobs in a 35 minute commute for more than 100,000 South Side residents each day
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The combined rail and roadway improvements will reduce vehicle miles traveled (VMTs) in the region by 450,000.