Residential construction starts have cratered in Chicago – The Real Deal

Nonresidential construction was not as affected, tallying $2.63 billion from January through May, just a 2 percent dip compared to last year, according to the data. Overall, that meant Chicago’s $4.18 billion in construction starts from January through May represented an 18 percent falloff year-over-year.
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Bill
5 years ago

Does anyone know the proper method to “socially distance” in an elevator?

debtsor
5 years ago

Developers were still constructing sky scrapers in Chicago well into the 1930’s well after the crash and into the depths of the Great Depression. Developers build, that’s what they do. The moment they stop building, they don’t have jobs. So they’ll keep building until they can’t. Just to know, that after that last wave of construction early in the great depression, it took until the 1950’s before another sky scraper was built in Chicago.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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