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The Prudential name has been on the 41-story Loop building since it opened in 1955. The name has also been on the 64-story younger sibling, Prudential Plaza Two or Pru Two, since that building opened in 1990. The departure is momentous. Prudential stuck with its namesake skyscraper long after Sears, Wrigley, the Chicago Tribune, Montgomery Ward, Kemper and other big corporations left their buildings. Prudential is staying in town, however, and leasing space elsewhere.
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Didn’t ‘ManCow’ Muller do something that lacked decorum there? Or do I have my high-rise bldgs confused?
His studio was in the building directly north, wasn’t visible from the outside but it was visible in a public area of the building. Would occasionally see scantily clad women in there so he may have done something that lacked decorum.
Democrats chase another business that has supported the city for decades out of town. The democrats, destroying everything they possibly can
They are staying in town as the article says.
They are downsizing to a location about 1/2 it’s current space, so the city’s office market is rearranging the deck chairs on the Titanic whilst throwing several of the chairs overboard to slow down the rate of descent. They’re also moving clear across the Loop, mere steps away from C&NW Station, likely closer to their mostly suburban employees commuting preference. The gravity of downtown has been moving west for decades now since the trading floors mostly went virtual. I expect in my lifetime to see the east loop area turn into a low-rent shanty town experience, as the mostly foreign… Read more »
Mark-Even better. Do you remember the old Olson Rug Co. with the waterfall and Riverview Park? Those were the days.
https://www.chicagotribune.com/visuals/vintage/chi-vintage-riverview-park-amusement-photos-20140917-photogallery.html
OK, who will admit to remembering going to the observation deck there when it was the highest building in town?
I do remember visiting the observation deck in the ’60s, but it wasn’t the highest building in town, due to the Board of Trade.
My aunt and uncle took me there! We rode an Illinois Central commuter train from South Chicago. This was when the IC still used old single deck cars with opening windows back in the 1960s.
I’m surprised that the story didn’t include the observation deck name, the Top of the Rock.
My father worked for Price Waterhouse there and I did go to the observation deck.
When the “Top of the Rock” closed as a result of all the taller buildings that had been built, the manager of the club at the time said “The Top of the Rock has become the Middle of the Heap”.
Wi remembers the “pickle drop” from the Prudential bldg?
Mark- Even better. Do you remember the old Olson Rug Co with the waterfall and Riverview Park? Those were the days.
https://www.chicagotribune.com/visuals/vintage/chi-vintage-riverview-park-amusement-photos-20140917-photogallery.html
Or how about the Magikist lips on south Cicero avenue!
I preferred Kiddyland.
I went there on a school bus trip and at that time, it was the tallest building in Chicago
I’ve still got my little sunday parfait cup from Ed Debevics from the 80’s!
Remember fishing on Montrose or Foster pier using trolleys with a rope and an anchor you had to spin around above you? There also was a guy fishing there and they called him Popeye since he was fishing for carp and had some special gear to catch the bigger fish and not perch. Plus the guy with the cart with hot dogs/great donuts and orange soda and hot coffee. At night all the lanterns were on attracting lots of bugs but lots of fish were caught. I really miss those days. Not one worry about being robbed or carjacked or… Read more »
Yes, did the trolley fishing for perch with my Dad. I still have the bell that was a part of the rig. It would ring when fish pulled on the line.
I believe there were 6 hooks and at one time I got 4 fish. When the bell rings an angel gets it’s wings. So 4 angels were happy at one time. LOL
My dad and I bought some fresh minnows and I think crawdads or baby lobsters as I called them for bait. There also was a food stand with glazed donuts/hot dogs with that really good brown mustard-maybe Koops at Montrose beach.
I never did Montrose but per-lined off the Observatory Point rocks in Evanston in the late 80’s. 50 hooks per fisherman. we had 8 buckets 8 hooks each staggered out 150 yards for spring Coho. When they schooled in, it was pandemonium.
*power-lined