Word: riverfront
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Dates: during 1928-1928
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...ingenious scribe pictured, in the Wall Street Journal, the delicious prosperity which would accrue to the Illinois Central should all its air rights on the riverfront be leased upon the same valuation, not yet announced but estimated as approximately $8,000,000 or $45 for a square foot. At this rate, all the 2,800,000 square feet on which the Illinois Central controls the air rights would produce an annual 5% rental of $6,300,000 or a revenue sufficient to pay more than $4.75 on each share of its common stock...