Rich Miller: Property tax relief scant in Bears stadium bill, analysis shows – Chicago Sun-Times
“Again, kudos to the House for passing a Bears/megaprojects bill. It wasn’t easy by any means. As with the Senate’s mass transit bill last year, it was one of those ‘whatever it takes’ tasks. And it was a good time for House Speaker Emanuel ‘Chris’ Welch to start conditioning his members to vote for some tough bills as the session progresses. On all that, Welch succeeded.”
Apartment conversions continue to look attractive to groups that can buy office buildings at severe discounts. Downtown apartment rents are soaring amid a dearth of new supply and many renters putting off homebuying longer than they have historically.
The city is in a tough spot, and it’s a warning sign for other cities that could be on the brink of the same. The state must provide cities the tools they need, not stand in the way.