by Andrew Flores staff writer
Public Notices about zoning have been posted all over campus the last several weeks due to MBI Chicago campus’ future planning and development. The change in zoning directly affects future buildings, such as the Chapman Center, but also the development of Moody’s land and future endeavors.
Steven Mogck, Moody’s Executive Vice President and Chief Operating Officer, said, “There are several signs around campus as a result of Moody the organization filing for a new planned development. The city of Chicago wants to see what you want to do long term for the larger land holders such as the University of Chicago, Northwestern, DePaul, Loyola. They want you to file a plan that says what you will do with your land.”
Moody is currently seeking approval for a B zoning. This gives Moody a broad use of the land for business, education, and ministry.
“We don’t want to limit ourselves because it’s hard to predict the future,” Mogck said. “The rule of thumb is try to get it as broad as you can get it and that will leave flexibility for future generations.”
Over the last year Moody has hired experts in development to analyze the current property to become more knowledgeable of what the current market is and the options for the land. The results were that the land along LaSalle Blvd. between Sweeting Center and Dryer Hall was the most valuable land Moody owns. Because of this, the Chapman Center will be built in between Sweeting and Wells St.
Mogck also mentioned future development of Dryer and Jenkins, pointing out that Dryer is reaching the end of its usefulness.
“Because you have to put so much money into really old buildings, that it makes it not very cost effective,” Mogck said. “So we realize that long term the fate of Dryer is that it has to go away. Long term, I don’t know when that will exactly be but if we did some kind of development on that parcel it would be logical that Dryer would be probably taken down in that time frame.”
Mogck said that the units in Jenkins might be consolidated in the future.
“The Jenkins units are quite large, so we’re analyzing how students best fit,” he said. “If you take a double in Culby or triple in Dryer and compare it to a triple in Jenkins, Jenkins is quite luxurious because of the room configuration. So we think we can be more efficient in how we do that.”