Mayor Emanuel launches plan to help struggling communities

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CHICAGO -- On Thursday, Mayor Rahm Emanuel unveiled a new program that will charge developers more to build downtown, and use the extra money to help struggling neighborhoods.

The plan is expected to generate as much as $50 million over the next few years.

The mayor wants developers to pay more for packing more square footage into downtown buildings.

The plan would also expand the areas where developers can build high rises.

The money would used for projects in economically depressed.

"It's really creating, in my view, a win-win situation," Emanuel said in a one-on-one interview with WGN. "Places that are short of money will have the resources from places that are short of density or in greater need of density."