If money talks, it will have a lot to say in the new 2nd Ward come Election Day.
More than $1 million has poured into the campaign coffers of the six candidates who want to represent the ward, which cuts across 13 North Side neighborhoods stretching from the Gold Coast to Ukrainian Village.
The redrawn ward boundaries are so oddly shaped that one candidate said it looked like “a dog’s breakfast.” It was created in early 2012, when the City Council redrew the wards to account for population shifts documented in the 2010 census. The current 2nd Ward alderman is Bob Fioretti, who chose to run for mayor after the ward boundaries were shifted north.
Most of the new ward is booming, thanks to high-rise developers and urban pioneers. Its median household income rose nearly 10 percent in a decade — reaching $82,309 in 2010, according to census data complied by the Chicago Rehab Network.
That economic dynamic, coupled with the chance to pick a brand new alderman, has led to the influx of campaign contributions and makes the 2nd Ward contest one of the city’s most expensive Tuesday. Developers, attorneys, unions, politicians, restaurant owners, family members and special interest groups have pumped hundreds of thousands of dollars into a campaign where development has been an issue.