The city’s preliminary timeline calls for completing a staff analysis and review by the Finance Committee in May, with the committee making a final recommendation for council consideration in June.

“I’m very happy we have three proposals,” said Natalie Erdman, the city’s director for Planning, Community and Economic Development. “They all meet our minimum criteria. Now we have a lot of work to do.”

Talks with Beitler

The proposals come as the city continues discussions with another private developer, Beitler Real Estate Services of Chicago, on a hotel and housing on the Government East site after the garage is demolished.

For at least eight years, the city has wanted to redevelop parts of blocks that now hold the Municipal Building and Government East. In 2016, after several misfires, the city chose Beitler to develop both blocks, with plans eventually emerging for a $186 million project with a hotel, housing and commercial space in three glassy buildings, as well as underground parking.