The office portion of a 52-story building at 330 N. Wabash Ave. was recently appraised at $208.5 million, down nearly 62% from its estimated value less than three years ago, 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.
-- Connecting the dots between our economy, government and business --
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
Mail the keys to the bank and let them have it, it’s over Chicago is never coming back.
Thanks Dems
That’s some pretty pricey Section Eight housing Johnson is bucking for.
These kind of drops in market value in just a few years are scary. What a lousy place to invest.
To be fair the commercial real estate market was pumped up just like the housing market was back in 2006, nothing solid was justifying the asking rents and property prices precovid, it was going to collapse regardless if the fake pandemic happened or not.
And going lower, much lower.