CHICAGO-Even an Urban Land Institute panel couldn’t come up with a magic bullet that would spur the redevelopment of the Pullman State Historic Site here, located south of the downtown, according to a recent ULI report. The former Pullman train factory, and its first-of-a-kind worker living campus, closed down in the late 1950s, and the property has deteriorated along with the local community.

The panel convened in October 2011, chaired by Michael Szkatulksi, senior managing director of Mesirow Financial Real Estate Consulting Inc. The panel included a group of seven leading experts in commercial real estate, and was assisted by the city’s Department of Housing and Economic Development and the state’s Historic Preservation Agency.

The roughly 13

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