The Chicago Teachers' Pension Fund has declined an overture from Sterling Bay to back the Lincoln Yards megaproject, sending the developer back on the hunt for a financial partner to bail out the stalled $6 billion development. Wirepoints’ Mark Glennon on AM560’s Morning Answer: Illinois Budget’s New Taxes Face Serious Constitutional Challenges
June 12, 2026
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Audio and summary linked here.
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A mess of uncertainty and litigation is sure to follow.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
Even the CTU knows the city is going down in flames.
CHI-EXIT UPDATE: Chicago Teachers’ Pension Fund Won’t Bail Out Failed Lincoln Yards Mega-Development
Silly of ’em to even ask, apparently. Developer must be in a world of hurt.