Reform-minded assessor tackles Chicago valuations and clout – Chicago Sun-Times*

“The greatest shortfall, the greatest area we are addressing is this Chicago commercial undervaluation, especially on the bigger properties relative to the smaller ones,” Kaegi said.
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Sickand Tired
5 years ago

So you are going to tell large commercial real estate owners (often indirectly public pension plans) that the property you refused to protect, have completely bungled policies to get people back downtown and impose an absurd amount rules on (Labor, permitting, code, city hall) that you are going to raise their taxes.

Good luck with that, you cant even get Target to take Water Tower Place. Expect to see a number of large trophy buildings on the selling block soon. Zell will be waiting, he’s not called the Grave Dancer for nothing.

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