Housed above storefronts in two century-old buildings that face each other across 53rd Street near Harper Avenue, the Chicago Innovation Exchange boasts more than 1,000 members, about 20 percent of them from the community surrounding U of C.

Comment: No surprise that City Council will lick his boots, but getting his expanded property tax scheme authorized in Springfield is very doubtful. And it certainly shouldn’t be called a “bad-news budget.” With no layoffs, no pay cuts, no real action on pensions, the only bad news is in the tax increases. It’s a “more of the same budget.”

Thanks to an utterly stupid housing ordinance that we wrote about here.

Investors squeezed a more modest penalty out of Chicago on a recent $419 million wastewater revenue bond deal than they have demanded on its general obligation paper, market participants said.

Flawed property valuations and the process required to fix them are a cash cow for law firms, including those of House Speaker Mike Madigan, Chicago Alderman Ed Burke and Illinois Senate President John Cullerton.