The owner of a Loop office tower has thrown in the towel on its $230 million mortgage, according to a foreclosure lawsuit filed late last week in Cook County Circuit Court, adding to the pile of distressed office properties plaguing the heart of the city. An entity led by Paris-based lender Societe Generale alleged in a complaint that the owner of the 49-story tower at 161 N. Clark St. defaulted on its loan by failing to make its loan payment due in August.Chicago Teachers Union contract demands are totally divorced from reality – Wirepoints
May 8, 2024
36 Comments
Details emerging about Chicago Teachers Union’s upcoming contract show just how divorced its demands, both extreme and expensive, are from the reality at Chicago schools. It’s not just about massive salary increases, but also about money for migrant students, climate initiatives, abortions and gender-affirming care. About blocking parental notification. Count on CTU’s demands to veer further from reality until the public finally says no.
Weekly crime statistics from the Chicago Police Department: Report through 5/4/2024.
Gov. JB Pritzker calls it “ethics” reform.
It’s rare to see city leaders in Chicago take an open, unabashed stance on the collapse of literacy. To complain is deemed as too political, too racist or too anti-public schools. So it’s refreshing to see Willie Wilson, a successful businessman and leader of the black community, call for a literacy initiative “with the goal of getting 100% of Black students reading at grade level.”
The beautiful downtown is no more. DOA, high crime (Ken Griffin warned them), High taxes, and dirty public transportation.
One by one, the Loop’s office towers are sliding into bankruptcy — the pandemic has been over for a year, but Chicago offices are only 25 Pct occupied most days of the week.