
Chicago Sun Time: In front of Anish Kapoor's Cloud Gate in Millennium Park | photo illustration by Peter Funch

Feast on This: Historian Tim Samuelson lunches at the Carson Pirie Scott building. | photograph by Saverio Truglia
Holmes now runs the Chicago Community Loan Fund, which does what he calls "opportunity finance" -- making low-interest loans for commercial development in low-income neighborhoods. It's the equivalent of a nonprofit poker player (a "rounder," as they were once called), willing to wager on what may at first not seem a winning hand. Chicago is the epicenter of social investing -- making the market work where it hasn't. It began with Shore Bank, the innovative lender that helped inspire Muhammad Yunus, who, with his Grameen Bank, was awarded the 2006 Nobel Peace Prize.
Holmes's operation is small -- under $5 million in loans a year -- but it has had a terrific impact, including winning Illinois's first green-housing award for its investment in renovating a dilapidated brick apartment building in the Woodlawn neighborhood. The group has funded a building for artists, the restoration of tenements, and a soon-to-be retail center, all geared toward people who need a foot up. "When I think of Chicagoans," he told me, "I think of people who are straightforward, not pretentious, and fair on balance. You're smart, you work hard, you're decent, you're good -- we'll take you in."
Holmes showed up at Cuatro in a dark suit, having just come from a Lyric Opera performance of Tchaikovsky's Eugene Onegin. "I need a good drink," he told me, so we ordered beers. He then excused himself to say hello to the deejay, DJ FLX (real name: Felix Cuevas), who came to Chicago because you have to pass through the city if you're going to make it in house -- though it's now more popular in Europe and Japan.
House was pioneered here by the legendary deejay Frankie Knuckles, who, along with roughly 1,100 other Chicagoans, has a street named for him. (This city likes to honor its own.) Not unlike the blues before it, you can hear house in small venues around the city; and every July 4th weekend in Jackson Park (where Clarence Darrow's ashes were scattered), there's a picnic at which thousands spin and undulate to various deejays mixing their funk.
DJ FLX, just back from touring Morocco and Paris, began playing a set accompanied by the trumpeter Kafele. FLX's style is "deep house," a uniquely Chicago sound with a profoundly soulful, I-dare-you-to-sit-still pulse. As Holmes dances, he tells me he has a spot in the city that feels as spiritual to him as house music. It's an outcropping on Lake Michigan, just off 39th Street, an unusually quiet stretch of the 29-mile public lakefront. Holmes often walks out on this spit of land and admires the graceful yet muscular skyline, a mixture of old and new, works of art mingled with feats of engineering. "It's so radically vertical," he says. "Shooting up from the flat lake and flat land, it seems to point to the future." Indeed, the cityscape is constantly morphing; its newest marvel is the Chicago Spire, a 150-story corkscrew that's under construction. According to Calatrava, its architect, it's meant to resemble a plume of smoke rising from a campfire Native Americans would have built centuries ago on the banks of the Chicago River.
I soon realize that I too am dancing in place. Holmes doesn't notice. His body is under sail to the beat-driven winds of FLX's mixes, but his mind is still on the skyline and the 8-mile walks he often takes from his office to his home. The stroll takes him to the outcropping and through Bronzeville, a neighborhood once known, like New York's Harlem, as a center of black commerce and culture. Holmes has done some financing in that community, which is undergoing radical change, mixing old and new, including a Sullivan-designed church Tim Samuelson is helping to restore (on hands and knees, Samuelson collected more than a thousand shards of glass after a devastating fire so that the stained-glass windows could be replicated) as well as mixed-income developments rising where the world's largest stretch of public housing once stood. "In Chicago," Holmes says, "it's happening, right in front of your eyes."
Alex Kotlowitz is the author of Never a City So Real: A Walk in Chicago.
Recent Comments | 20 Total
May 21, 2008 at 7:53am by Mark Zorro
What gravitates me today is not delving into what people read, nor no longer trying to simply figure out why I personally write what it is I write, but what I am looking for are those articles that get me traveling and finding based on a writers experience rather than a laundry list of go to sites, this one hit the "bulls-eye" in that regard, which is quite apt if we are talking about Chicago. By the time I finished fishing this article, I found out that the neon-strip tunnel at O'Hare airport was designed by Helmat Jahn and that the BCE building I have often starred at in arched wonder is designed by Santiago Calatrava. This article took me to new sources of music such as Lupe Fiasco, Wilco and Neko Case. I actually loved the melodic tone of HOLD ON HOLD ON, a song featured on Neko Case's website. The most fascinating character mentioned in the piece is Studs Terkel, his site at studsterkel.org, which is chock full of interesting interviews. I found it interesting that Stanley Tigerman opened up an alternative design school called ARCHEWORKS. Beyond the architects and the musicians, I discovered how little I knew about trees and that itself opens up an interesting pathway of inquiry but what this article did most was to open my eyes up to see Chicago in a new light, to go beyond the beef and the politics and begin to notice a city that I have worked in but have never done the justice of taking the time to notice it or even try to "visit it". It is not so much that Hillary Clinton once did a thesis on Saul Alinksy because that takes me back into Chicago politics that I have learned not to trust, but this article connected me to an authenticity and realistic attitude of Chicago that I have utterly failed to connect with. So I am finding that the best stuff in a great article does not come to light until we shift the focus of our own attention makeup. This is more the reason why commentary simply sucks up my time and stops me from the real juice here, which is starting to look at my world in a new way and begin to extract rather than simply accumulate. The way Alex Kowlowitz wrote this up is very helpful in that regard. What Alex did here is open up a Chicago that I have been so lazy minded to see before, yet I know it is city that should command my attention as well as it turns out, my respect, but now thanks to this article, it does.......M.
May 29, 2008 at 11:00am by Michael De'Shazer
New York is the city of the millennium. Take that Chicago. Although, you are catching up due to "Sex and the City."
June 4, 2008 at 6:18pm by Michael Burns
Ahem--Chicago?? City of the year?? Does anyone at Fast Company magazine read the papers here?? Last year, more than 500 people were indicted on various corruption charges. Our last governor just went to prison, and our current one is being investigated by the Feds. Can you say, "Rezko?"
Green roofs, sure. But "progressive?" Give me a break.
We're the poster-child for local and state corruption.
June 5, 2008 at 12:05am by thesby tolbert
why are you people biting about Chicago?Give me Chicago over any city.Look at NYC where there are rats all over the place look at what happened at the taco bell and kfc in manhatten and rat hang out.At least Chicago inspects its diners and fast food places each night and will close them down in a heartbeat if a single dropping is in that place.Our alleys are rat free .Nyc your building inspectors need to take notes and learn from Chicago and you will be rat free too.I have been to other USA cities and have seen none better than Chicago that is why people want to live here.
June 5, 2008 at 6:03pm by Natalie Rubino
New York is the city of the past; Chicago is the city of the future. It is growing and will continue to grow due to the quality of life, access to public transportation, museum culture, beauty (landscaping, green roofs and skyline, professional sports and I can go on.
October 25, 2008 at 8:26pm by j e
"Our last governor just went to prison, and our current one is being investigated by the Feds. Can you say, "Rezko?""......
Really? This city is amazing. Ever read anything about whats going on in our Midwest sister city Detroit? Stop being so negative and appreciate what we have...at least we aren't as bad as the D...corruption plus NO positive image whatsoever? Now that sucks...At least Chicago is still one of the countrys top.
October 25, 2008 at 8:28pm by j e
"Our last governor just went to prison, and our current one is being investigated by the Feds. Can you say, "Rezko?""......
Really? This city is amazing. Ever read anything about whats going on in our Midwest sister city Detroit? Stop being so negative and appreciate what we have...at least we aren't as bad as the D...corruption plus NO positive image whatsoever? Now that sucks...At least Chicago is still one of the country's top.
November 13, 2008 at 9:55am by Lou Berkman
Nice article except for one thing. Despite all the fine "green" work that Chicago seems to be doing it falls down on the basics. We still have no comprehensive (city-wide) recycling program that works. While some of the city has gotten blue bins for recyclables, the rest of us get the blue bag program where recyclables are thrown in with the regular garbage and may or may not be recycled. This is very discouraging for those of us trying to recycle correctly.
Also mass transit here is a nightmare much of the time, as is traffic. So while we have developed bike lanes and other progressive measures to lower our carbon footprint, those of us trying to get around by car or the "el" have a horrible time. It's great that we produce 500 pounds of honey on city hall (Where do you buy the stuff anyway?? I have never seen it.) Meanwhile those of us stuck in traffic trying to get from one end of the city to the other pump out tons of exhaust which more than couteracts whatever gains are made by trees and rooftop gardens.
Oh yea, a big shout out to the Hideout, which is one of the best clubs in town or anywhere in the world; I have spent hundreds of nights there.
December 17, 2008 at 12:06pm by mason Dixon
Chicago is also hosting the largest Motion Design and Film Effects conference in the world. Starts on Inauguration Day, Jan 20th. See http://MGFest.com
January 29, 2009 at 1:13pm by Hugh McGinley
How about Chicago being the #1 murder capital of the US?
http://www.huffingtonpost.com/2008/10/25/chicago-once-again-the-us_n_137...
or
http://current.com/items/88913927/chicago_in_the_lead_for_murder_capital...
There we go for city of the year...
February 3, 2009 at 3:39pm by Vern Masterson
Personally I don't think any city on Earth deserves this sort of award, with the possible exception of certain very small places. However, despite their overall uselessness, the gardens on top of many buildings in Chi-town sound delightful... If I worked as a government employee, I'd petition to have my office outside for about 4 months out of the year, so I could breathe the fresh air and listen to the gurgle of the wall fountain while I do my part to make Chicago a less difficult place to live.
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October 3, 2009 at 12:15am by siam hothit
I think the Chicago is the city for the future. It will grow to continue the quality of life. A lot of people like this city....
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October 16, 2009 at 3:11pm by Loren Taylor
Wow, I too was surprised when reading this article. Green Roofs are one thing, but high crime and political corruption is another. There are plenty of other cities adding beautiful parks and water fountains to help make their city more green which has a better track record than Chicago. I hope the same mistake isn't made twice for 2009.
October 18, 2009 at 7:44am by ruengsook pompak
I think the Chicago is the city for the future. It will grow to continue the quality of life. A lot of people like this city....
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October 23, 2009 at 12:02am by Cesc Tottle
Chicaco is a fantastic city.
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October 24, 2009 at 6:44pm by Somchai Yhai
Chicago is not in The 10 Best U.S. Cities to Live and Work 2009 List but there are many beautiful tourist attraction in Chicago I want go there at least once in my life.
Somchai Yhai
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November 4, 2009 at 12:33pm by Taras Kolodny
Personally I don't think any city on Earth deserves this sort of award, with the possible exception of certain very small places. However, despite their overall uselessness, the gardens on top of many buildings in Chi-town sound delightful...
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December 6, 2009 at 2:39am by Anuwat Makpat
Oh yea, a big shout out to the Hideout, which is one of the best clubs in town or anywhere in the world; I have spent hundreds of nights there.
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