Community assets are those built, natural, cultural and institutional elements that most define a neighborhood. They are anchor institutions, identity markers and community stabilizers. As such, they help guide local capital investment decisions.
The area has numerous locational advantages, including diverse transportation choices, five miles of lakefront parks and beaches, and a long history of civic activism among residents, community organizations, and local institutions. Jackson Park and Washington Park remain major attractions—home to the Museum of Science and Industry and DuSable Museum of African American History, respectively—while Burnham Park boasts natural prairies along the lake and a new harbor at 31st Street.
A consistent driver of change and stability is the Hyde Park neighborhood, home to the University of Chicago and related institutions. With 15,000 students and more than 18,000 non-faculty staff jobs—one-third of which are held by South Lakefront residents— the university and its medical facilities have anchored the South Lakefront since the 1890s. [Excerpted from Summary of Assets]