Excerpts from the ChicagoTribune.com:

Mayor Rahm Emanuel plans to sell a prime piece of property near Goose Island to try to spur development in an economically depressed South Side neighborhood by relocating the city’s largest maintenance garage to Englewood.

Under the plan, the Chicago Department of Fleet and Facility Management’s headquarters would move from an 18-acre site along the North Branch of the Chicago River on Throop Street to a similarly-sized parcel that served as the old Kennedy-King College campus at Marquette Road and South Wentworth Avenue.

The riverside parcel would be sold to a developer, who not only would redevelop the current garage site, but would be required to build the new maintenance headquarters on the South Side, according to the mayor’s office.

The Emanuel administration didn’t offer an estimate of how much the city expects to fetch for the Goose Island site, which is in an area where developers have been anxious to build residential, retail and high-tech space. But the mayor’s office did say the new fleet facility for Englewood would cost between $25 million and $30 million to build.