The proposal will be unveiled at a meeting scheduled for 6:30 p.m. Oct. 6 at Olympia Park.
The reduction took into account the cost of renovation and restorations, real estate agent said.
The actor split his three-level penthouse in two and sold the units for a combined $12.1 million.
Some of the homeless members of the former encampment say their belongings were lost in the cleanup.
The single-family home survived the high-rise boom and has its own 56-foot private slice of the lake.
The meeting is set for Oct. 5.
The incident took place by Division Street and Ashland Avenue, officials said.
The closure is part of state officials' efforts to "streamline" emissions testing and save $8 million.
The city congratulated neighbors on their "tireless advocacy" to preserve the Noble Square church.
Svigos Development remains the "contract purchaser," Ald. Patrick O'Connor said.
One resident described the glass tower as "a monster," while another called it "an inspired solution."
A legal dispute over other billboards on the building overlooking Logan Square has been resolved.
The condo at 1000 W. Washington Blvd. Unit 304 has exposed brick and an open floor plan.
Those who wish to attend must RSVP online in advance.
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