More than 1,300 apartments coming to Mag Mile and burgeoning Fulton Market – Chicago Sun-Times

As some companies move from downtown to the West Loop, developer Matt Faris said there are many opportunities for the city to work with developers on additional conversion projects. “I think Chicago’s had its struggles,” he said when asked about opportunities to turn a profit in Chicago. “But we believe in urban development."
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Old Joe
1 year ago

Hmm, an increase of Section 8 renters is nothing to be proud of.

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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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