John Byrne | Clout Street | Mayor Richard Daley has put together a group of business leaders and university officials to advise the city on turning the vacant Michael Reese Hospital site into a technology park for businesses.

Daley has discussed the possibility of a tech park on the Near South Side lakefront parcel since shortly after the city’s 2016 Olympics bid failed. The Michael Reese site had been tapped to be the Olympic Village for athletes, and the city paid $91 million to acquire it.