-- Connecting the dots between our economy, government and business --
Two veteran real estate developers are closing in on a deal to buy one of Chicago's tallest office skyscrapers, 311 South Wacker, for less than 25% of what it traded for over a decade ago, a deal that would complete one of the biggest losses of value ever for a downtown office building.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
Kind of makes you wonder what will happen to the real estate taxes for this property. It definitely won’t help Mayor Johnson’s future Chicago budgets.
Buy it at your own risk. Not sure it is worth very much. Chicago Downtown is in for a long haul recovery (if ever).
Spot on, downtown Detroit has been recovering for decades!