Deal Between Chicago and U. of Chicago

The City of Chicago and the University of Chicago announced a deal on Friday that is intended to speed development -- by the city and the university -- of the university's Hyde Park neighborhood. Pledges about mutual planning and communication are designed to prevent zoning and other delays that have hindered construction projects. The announcement, from Mayor Rahm Emanuel, said that the deal came out of informal discussions he started with the leaders of universities in the city. The university currently has a $1.7 billion capital program for the next five years.