Apartment rent hikes loom in downtown Chicago as supply shrinks – Crain’s
Downtown rents have been on the rise for the past two quarters. That growth will be boosted in 2025 by limited supply — fewer than 300 new apartment units will be delivered downtown this year, the smallest amount of new apartments to be added to the market in more than two decades, Integra projects.
The impact, nationwide could be $4 billion in cuts, he said, adding that the University of Illinois system alone would lose roughly $67 million annually. Universities cannot function without cutting-edge labs, high-speed data and effective support staff, Raoul said. What’s more, “it is simply illegal.” He said that in 2017, Congress specifically rejected the idea of cuts to indirect costs and that every appropriations bill since has blocked HHS and NIH to use appropriated funds from altering indirect cuts.
Ted Dabrowski joined Univision Chicago to talk about the ongoing battle between CPS and CTU. No matter which group loses, salaries and costs will jump. Meanwhile, nobody’s thinking about the Chicagoans who’ll have to suffer more property tax hikes to pay for these schools, most of them operating under near-zero accountability. (The interview is in Spanish, but we’ve added English subtitles.)
The monument coming to the Illinois Medical District on Chicago’s Near West Side is actually five illuminated multi-colored sculptures designed to resemble a hybrid of a dandelion puff and the COVID-19 virus. The dandelion, which grows worldwide, is meant to represent the universality of pandemic suffering.