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Guy Medaglia talking about Focal Point development. 0

Man on a mission to build the West Side

May 14th, 2017

Since 2012, Guy Medaglia has been on a mission to build a $600 million, 22-acre mixed-use campus that could bring jobs and cachet to the North Lawndale and Little Village neighborhoods.

What’s unusual about Focal Point Community Campus is that it’s a nonprofit development running on a for-profit business model.

“The profits that an investor would receive from building a complex will go back to a foundation, and money will get redistributed to the community we serve,” explains Medaglia, who also is president and CEO of Saint Anthony’s Hospital. “It’s self-sustaining. It’s a project that doesn’t (yet) exist anywhere.”

Get the details on my Taking Names column in the Chicago Sun-Times.

 

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