"A 76% discount from the tower’s 2006 sale price and a staggering example of the post-pandemic pain for downtown office buildings." Wirepoints’ Mark Glennon on AM560’s Morning Answer: Spencer Pratt in Los Angeles Mayoral Race Offers Chicago a Blueprint
June 4, 2026
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Summary and audio linked here.
-- Connecting the dots between our economy, government and business --
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
Audio and summary 
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
What do buildings sell for in downtown Detroit or East St. Louis? Because that’s where this is headed. There simply aren’t enough educated and skilled workers to fill the Loop anymore. They certainly aren’t within the city limits, where nearly one-third of residents live at or just above the poverty line. CPS graduates are largely unqualified. Many are barely able to read. Meanwhile, suburbanites outside the inner-ring suburbs, just like in the 1960s and 1970s, refuse to set foot inside the city limits for any reason. I’ve been downtown several times this year, and the Loop is dead. The parking… Read more »
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They will just make it up by raising property taxes on Bowmanville brownstones. Plenty of ways to get more tax dollars. You and your neighbors keep voting for this and you are getting exactly what you want. Everyone wins.
You can vote yourself into socialism, but you can’t vote yourself out…
No problem. The slaves that populate Cook county will make up the real estate tax shortfall. They even like it. That’s why they live there.
Commercial real estate in da Loop is in a FREE FALL!!
Cook County residential property taxes going WAY UP!!