As one of the world’s major cities and a nexus of commerce and culture, Chicago is a critical component of the Upper Midwest. For the whole of 2020, public health-related and human events—a pandemic, protests, violence—have conspired to reshape the city in unexpected ways. But Chicago is far from done. It’s a survivor, and many […]
From tech company expansions to the opening of Chicago’s third tallest skyscraper, here’s what to watch for in real estate this year
“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 […]
$250 million will bring ‘transformative change’ to 10 South, West side neighborhoods, Lightfoot says
“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.
No dice on 5 Chicago casino sites or ‘onerous’ taxes, study finds — but mayor, gov not leaving the table
“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 […]