“Some of Chicago’s biggest and most complicated real estate projects took flight in 2019. By comparison, 2020 is shaping up to be the year of the unknown. Rebirth of the long-dormant Old Post Office, zoning approval of Lincoln Yards and The 78, two multibillion-dollar megadevelopments on the river, completion of NEMA, the city’s tallest all-residential […]
“Global commerce will lose its ultimate umpire Tuesday, leaving countries unable to reach a final resolution of disputes at the World Trade Organization and instead facing what critics call ‘the law of the jungle.” The United States, under a president who favors a go-it-alone approach to economics and diplomacy, appears to prefer it that way. […]
“Numerous anti-government protests have paralyzed cities across the globe for months, from La Paz, Bolivia, to Santiago, Chile, and Monrovia, Liberia, to Beirut. Each protest in this worldwide wave of unrest has its own local dynamic and cause. But they also share certain characteristics: Fed up with rising inequality, corruption and slow economic growth, angry citizens worldwide are […]
“Chicago will spend $250 million over the next three years to bring “transformative change” to ten South and West Side neighborhoods “starving for too long,” Mayor Lori Lightfoot said Monday. ‘We are bringing the whole of government to these efforts. … We will be creating targeted workforce programs and transforming our use of public owned […]
“World stock markets were mostly lower on Thursday as investors looked ahead to the re-opening of trade talks between the U.S. and China. Markets have grown increasingly jittery in recent days over the talks as conflicting rumors swirled and rifts surfaced between the Chinese government and private American enterprises, such as the NBA and Apple […]
“From the city to the suburbs, events all over the Chicago area are paying tribute to the victims and heroes of 9/11. ‘We can never forget, and we’ve got to keep giving testimony to the lives that were lost,’ Mayor Lori Lightfoot said.” Read more here.
“Chicago’s Federal Reserve branch projects slower economic growth. Illinois’ major industries say getting trade deals in place with Canada, Mexico and Japan would be a boost for growth.” Read more here.
“The first roll in a bid to finally bring a casino to Chicago has come up snake eyes. Financing for any one of five proposed casino sites studied on the South and West sides is ‘not feasible,’ because of an ‘onerous’ tax structure established by the Illinois General Assembly, a consultant hired by the Illinois […]
“For more than a decade, Chicago politicians have talked about a faster way to get between downtown and Chicago’s O’Hare International Airport. Mayor Richard M. Daley pictured a high-speed rail station at Block 37, and put more than $250 million into a hole in the ground before work stopped in 2008. Last year, Mayor Rahm […]
“A world-class system of roads, bridges, light rail, freight rail, water and aviation made Chicago the leading transportation hub in the nation. Our city must now retain this position, while leaving no neighborhood behind. Thanks to the transformative transportation bill Gov. J.B. Pritzker recently signed, Chicago can make this happen with thoughtful, multimodal investments. The […]