Many of the benefits of development being touted here (more tax revenues, better public services, better money for public schools) would have a huge impact if we were talking about a small town/county. In Chicago, the availability of money in an area isn’t usually the issue. Because revenues are spent at the City of Chicago or Cook County level (with some projects, like the Regional Housing Initiative, bringing multiple counties together), new tax revenues will mostly go into a city/countywide pot of money. Some will return to Woodlawn, but tax revenues in the neighborhood are only loosely linked to government spending.
Gentrification can still bring benefits - integration (on the right terms, as exacademic pointed out) will improve schools by changing the peer group, improve public services due to a more influential population, and help bring jobs to the area. But the right terms matter. If new development means a Whole Foods and more hipster coffee shops, that might be the price to pay. If the hipster shops crowd out community-owned businesses like Greenline Coffee, a Whole Foods paycheck isn’t enough to cover higher rents, and gentrification doesn’t bring more affordable stores to the area, the benefits will mostly be felt by well-heeled newcomers.
Glossing over the risks for renters is a big mistake. As of last year, only 1 in 6 units in Woodlawn were occupied by homeowners. A fair number are vacant, but more than half the area’s units house renters. An increase in rents will have a direct impact on the pocketbooks of half the community. If the supply of affordable housing isn’t maintained as the area develops, many will be pushed out. That’s a lot of collateral damage. This won’t necessarily happen - an approach like New York’s Mandatory Inclusionary Housing might help - but development near the university doesn’t tend to put the community first unless the U of C is left with no choice.
I’ll add that the neighborhood has been turning the corner for some time now. Sunshine Enterprises, the business incubator that started Greenline, is aiming to put 200 businesses on 61st Street (not sure what the timeline is). There’s a new retail/mixed-income housing project going up on 61st/Cottage Grove, and several newly opened stores are providing relatively inexpensive goods. The Obama Library, if done right, can accelerate the process. Done wrong, it could nip these community-centered developments in the bud.
That’s why, although residents are glad the Obama library is coming to the area, there’s a major push for a Community Benefits Agreement that will provide certain guarantees for the neighborhood. The Obama Foundation has shown little interest so far. In other news, rumor has it the president rejected an earlier, less costly design for his library - it was “too unflashy.” One project intended to complement the library is the redesigned Jackson Park golf course, and while golf is fun (said the twice-yearly player who usually shoots 40 above par) it’s largely a rich person’s game. It seems unlikely most players would come from the community as it is now. All this raises some questions about the Foundation’s priorities, and the main beneficiaries of the development it’ll spur. Yes, the Obama Foundation wants to create the best library it can, and it’s true the president has a stated commitment to making his presidential center integrated with the community, but residents are understandably concerned.
A few sources:
http://sjnnchicago.medill.northwestern.edu/blog/2016/10/24/renewing-woodlawn-increasing-homeownership/
https://www.chicagomaroon.com/article/2017/4/11/woodlawn-anticipates-development-change-ahead-upco/