How did this come to be? Here's an excerpt from an interesting account. Wikipedia is also extremely helpful on this topic.
The decline of passenger trains left the rail yards vacant, while changes in the printing industry had emptied out Printers’ Row (an area of Chicago known for the success of its printing). The 1973 Chicago 21 Plan (a 1970s urban renewal plan for the city of Chicago) called for construction in the South Loop to reflect a more urban atmosphere. The result, after many years of fund-raising, political wrangling, and trips back to the drawing board, was Dearborn Park, a planned community on 51 acres of former rail yards. Bears owner George “Papa Bear” Halas had it earmarked for a new stadium until the Dearborn Park planners wrestled them away. Construction on the development wasn’t complete until the mid-90s, but the first residents moved into town homes and high-rises and terraced mid-rise buildings in 1979.
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