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.
Modern factories and warehouses in the Stockyards Industrial Park support more than 5,000 jobs. Thousands of additional jobs are just to the north in the Stevenson and Pilsen Industrial Corridors, home to metalworking companies, produce distributors, and food processors. More jobs are to the west in the Brighton Park Industrial Corridor.
Though the job base has shifted somewhat, the district continues to have a very broad business mix, with two major freight-rail yards, several industrial areas, and a dozen retail corridors. Shopping centers have been built on former industrial land—the largest being the Back of the Yards Shopping Center on 47th Street—and other new retail is near Orange Line stations.
Those employment opportunities are matched with strong transportation assets and a diversity of housing choices, ranging from the famous bungalows of Bridgeport, where Mayors Richard J. and Richard M. Daley once lived, to big wood-frame houses in New City (the official name for Back of the Yards) and tightly spaced townhouses in Chinatown (part of Armour Square). Major arteries are lined with retail stores, many of them serving specific ethnic groups, and new auto-oriented shopping centers serve regional markets. [Excerpted from Summary of Assets]