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"It really is ironic how the City of Chicago and the U of C are now spending millions of dollars fixing the retail nightmare they created when they tore down all of the commercial and residential buildings along 53rd street in the 1950s and 60s in the name of "urban renewal." For the last few decades, the University has often been a road block to development, but now they are doing a good job at addressing these issues. Amazing how things have come full circle. $5 million might sound like a lot of money, but it is small potatoes compared to the economic benefit it will have on the neighborhood and the south side as a whole. They will get their revenue back in tax dollars (eventually)." —HydeParker12 [Development Update: Hyatt Place]