Chicago Bulls’ and Blackhawks’ plan to begin remaking the neighborhood surrounding United Center wins commission approval – Chicago Tribune/MSN

The first phase of development will be the centerpiece of a 15-year, $7 billion plan dubbed the 1901 Project that could eventually bring 9,463 new homes, with 20% reserved for affordable housing, to the United Center, which is now mostly surrounded by unsightly parking lots. The 1901 Project, named after the United Center’s address at 1901 W. Madison St., will also include 1,309 hotel rooms and open space totaling 25 acres.

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Illinois Black Hemp Association Says Industry ‘Under Attack’ by Pritzker Amid Push for Stricter Regulation – WTTW (Chicago)

Business owner Samuel Wilson, surrounded by other Black owners of hemp businesses, said hemp products personally helped him after he spent decades as a firefighter and paramedic. Making it into a business was “an opportunity to create generational wealth in the Black community,” Wilson said. “Unfortunately, now, that dream is in jeopardy, because the American dream is under attack. And it’s under attack by our billionaire governor.”

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Chicago mayor, CFO react to S&P Global dropping city’s debt rating – Center Square

The S&P statement said Chicago’s practical options for raising new revenue “appear less certain, as does the willingness of city leadership to cut spending, creating a level of uncertainty around its financial trajectory that is more appropriately reflected in the lower rating.” The mayor said he would consider a congestion tax, and he criticized outgoing Chicago Public Schools CEO Pedro Martinez, saying Martinez’ budget did not provide enough money for Chicago Teachers Union members.

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Commentary: Now is not the time to backtrack on commitment to diversity – Chicago Tribune*

Willie Wilson: “In 2019, Gov. JB Pritzker signed legislation into law requiring public corporations with headquarters in Illinois to disclose annual data regarding the racial, ethnic and gender diversity of their boards. The Illinois Corporate Board Diversity, Inclusion and Representation Report released in 2023 by the University of Illinois Urbana-Champaign notes racial and ethnic minorities remain underrepresented on boards.”

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Editorial: New CPS school board needs fiscal discipline, creative problem-solving – Chicago Sun-Times

“The board, we think, should say no to the 4 percent annual raises CPS has put on the table — the average raise Americans got in 2024 was 3 percent to 3.5 percent — and to all but essential new hires. If CPS and CTU can come to a compromise on these crucial points, so much the better. But Job No. 1 is to keep the district afloat. Heading down the road to insolvency doesn’t help kids.”

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‘State of New Illinois’ committee continues push to secede from Cook County – KTVI (St. Louis)

State Rep. Charlie Meier, whose district includes Highland, supports separation but says support in Congress is highly unlikely. He’s introduced a joint resolution for a state constitutional amendment to allot one state senator per three contiguous counties, which would give down state Illinois a senate majority instead of Chicago, which now dominates both houses of the Illinois General Assembly.

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Mass layoffs hit 14.7K Illinoisans in 2024, most from business closures – Illinois Policy

Just in December, companies announced 670 mass layoffs. The highest concentration of job losses – 123 of the 670 layoffs – hit Bolingbrook after Hyzon Motors USA Inc. announced in December it would be reducing staff size at its corporate office. Peoria followed closely with the second-highest number of mass layoffs. Natural Fiber Welding Inc. announced 91 layoffs across three company locations in Peoria during December.

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Editorial: Credit rating downgrade an unsurprising warning about the future of Chicago’s financial stability – Chicago Tribune*

“As Chicagoans continue to suffer from inflation and a cost of living that’s rising faster than wage growth, plus continued basic government service failures, city officials need to come up with a long-term plan. Our city cannot afford to eke by year after year building on a Leviathan spending baseline that isn’t giving residents what they need, while also crippling the city’s finances and reputation.”

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Middle-income housing solutions, pension reform, capital funding among Peoria’s requests from state legislators – WCBU (Peoria)

The package contains a renewed request for the General Assembly to pass public safety pension reform by extending the amortization periods, and to oppose efforts to roll back Tier 2 pension benefits to Tier 1 levels. “This would have a negative impact on our fiscal situation, adding more costs to us as the benefits would be enhanced for those current tier two members,” said City Manager Patrick Urich, noting around a dozen bills with Tier 2 rollbacks already have been introduced.

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