-- Connecting the dots between our economy, government and business --
Prices of office buildings, hotels, apartment properties, retail centers and other commercial real estate in Chicago fell by 4.1% over the past year, according to research firm Real Capital Analytics. That was the worst performance among major metropolitan areas analyzed by the company, behind even crisis-stricken Hong Kong,
Comment: Nothing material that we haven’t reported before, but lots of charts and tables with all the current details.
A CNBC story is also linked here.
The financing is available through Chicago PACE, or Property Assessed Clean Energy, a program the Illinois General Assembly authorized statewide in 2018. Former Mayor Rahm Emanuel’s administration got it started in Chicago and his successor, Lori Lightfoot, has embraced it as an incentive for economic growth that’s energy efficient.
Don’t be surprised if Chicago Mayor Lori Lightfoot ends up hiking property taxes multiple times during her term. That should scare Chicago homeowners. Chicago already sits at the bottom of the 20-city Case-Shiller Index – a leading measure of U.S. home prices – with only Cleveland and Detroit home values performing worse since 2000.
Nearly 20,000 disabled adults in Illinois are on a waiting list to get into adult programs. Many of them come from families who don’t have a way to pay for home care, job coaches or other services
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
