Chicago 606 trail gentrification
- The record does not name which of my species, waters, soils or forests were harmed.
A study by DePaul University's Institute for Housing Studies found prices rising 48.2% on the west end of Chicago's 606 trail. Median sale prices along the trail were reported at 97,000 dollars in 2012 and 462,000 dollars in 2018.
DePaul Institute for Housing Studies measure, as reported by Block Club Chicago. A separate measure put the median sale price at 97,000 dollars in 2012 and 462,000 dollars in 2018.
Status As of March 2022 (latest dated item in the sources reviewed): a demolition fee introduced in 2021 was reported to have cut demolitions near the trail, and an effort to extend it was advancing.
What happened
A study by DePaul University's Institute for Housing Studies (IHS), reported by Block Club Chicago, found that home prices along the west end of the 606 trail had risen 48.2%. The report's headline put the rise at 344% since 2012.
A separate measure in the same record gave the median sale price along the trail as 97,000 dollars in 2012 and 462,000 dollars in 2018.
In 2021 Chicago introduced a demolition fee of 15,000 dollars on single-family homes. WTTW reported in March 2022 that, in the first seven months of the fee, there were 3 demolitions, against a previous average of more than 25 a year, and that 120,000 dollars had gone to a community land trust. An effort to extend the fee in Pilsen and along the 606 trail was advancing.
- 2012Median sale price along the 606 trail: 97,000 dollars
- 2018Median sale price along the 606 trail: 462,000 dollars
- 2021Demolition fee of 15,000 dollars on single-family homes introduced
- 2022WTTW (March): 3 demolitions in the first seven months of the fee, against a previous average of more than 25 a year; effort to extend the fee advancing
What was said
“Home prices along west end of 606 trail up 344% since 2012”
How it looked
Shown
Recorded
- Prices on the west end of the 606 trail rose 48.2% (DePaul IHS, as reported by Block Club Chicago).
- The median sale price was 97,000 dollars in 2012 and 462,000 dollars in 2018 (DePaul IHS, as reported by Block Club Chicago).
- A demolition fee of 15,000 dollars on single-family homes began in 2021, after the price rise.
- In the first seven months of the fee there were 3 demolitions, against a previous average of more than 25 a year.
- 120,000 dollars from the fee went to a community land trust.
In court and with insurers
Lawsuits and rulings
Insurers
What nature saw
Nature's report opens this page. Below: further outcomes measured on the ground.
What we don't know
Nature
- Not measured Harm to nature: The record holds no measurement of harm to nature.
Record
- None on record The 48.2% price rise and the 97,000 to 462,000 dollar change in median sale price are two separate measures; the sources reviewed do not give the period or area of the 48.2% figure.
- None on record The sources reviewed do not say how many households were displaced.
- None on record The sources reviewed do not name who gained from the price rise.
Did the harm stop?
Who paid?
Sources
Press and investigations
- Effort to Extend Demolition Fee in Pilsen, Along 606 Trail AdvancesWTTW · 2022-03-21
Researchers
- Home prices along west end of 606 trail up 344% since 2012, new study finds as council seeks solution (Block Club Chicago, via DePaul IHS)DePaul Institute for Housing Studies (Block Club Chicago) · 2016-2019
Connected cases
- Atlanta BeltLine United States · 2005–2026 Related matter
- High Line property value effect (New York) United States · 2005–2020 Related matter