“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 […]
“According to the business leaders in charge of over a hundred of the world’s World Trade Centers from Boston to Nanjing, China, 83% of them think global trade uncertainty will either stay at its current elevated levels (30% saying so) or get even worse (53%). U.S.-China trade tensions and Brexit pose the greatest risk to […]
“Nationalism is all the rage right now, and not just in the United States. Throughout much of the Western world, voters in areas of economic and often demographic decline are making their anger felt at the ballot box. Mainstream political parties on both the right and the left are scrambling to capture the momentum and […]
“Snagging a Chicago casino, getting help with city pensions and landing an infrastructure bill are at the top of Mayor Lori Lightfoot’s list of priorities as Illinois lawmakers head into the legislature’s final week. The city’s new mayor said a casino was ‘a big priority’ for her in the Democratic-controlled General Assembly’s closing days and […]
“As spring arrives Chicago’s construction boom is shifting into high gear as the dozens of tower cranes swing into action. Downtown continues to be an ever-thickening forest of high-rises while outlying neighborhoods are seeing their own taller projects take root. New apartments continue to be the primary driving force behind the Windy City’s vertical growth as […]
“Crain’s annual list of the Chicago area’s largest privately held companies, ranked by annual revenue, breaks no molds with its top five. State Farm leads the pack, as it did last year (and many years before that), and the next four companies, Health Care Service Corp., Reyes Holdings, Topco Associates and Medline Industries remain in […]
“Former federal prosecutor Lori Lightfoot defeated Toni Preckwinkle in a runoff for Chicago mayor Tuesday. She will be the first openly gay person and first black woman to lead the city. The Associated Press called the race for Lightfoot shortly before 8 p.m. local time. With over 91 percent of precincts in, Lightfoot led Preckwinkle […]
“The speculative development boom is still surging in Chicago’s industrial market, which had 19.3 million square feet of new industrial space under construction in February of 2019, according to Avison Young research. The 63 percent increase in construction activity from February 2018 shows that developers remain bullish on demand for modern space across the area.” […]