Overview
- Tenants at the Chaney Braggs Apartments formed a union this month after learning a California-based investor is considering a purchase.
- Residents say the prospective buyer could renovate or demolish the property and has proposed $2,000 per household to vacate.
- Many households pay about $700 to $800 a month and fear they cannot find comparable housing if rents increase or the building is redeveloped.
- Local reporting indicates no finalized sale or publicly identified buyer, and tenants say appeals to city and state officials have gone unanswered.
- The Obama Presidential Center in nearby Jackson Park is slated to open June 18, with critics citing rising investment pressures and public infrastructure costs initially projected at roughly $350 million.