The Tax Chicago Should Scrap: The Cloud Tax is Doubly Averse for Chicago Businesses – Chicago Contrarian

"The sluggish pace of retail redemption has been broad: The retail vacancy rate in the Loop alone hovered around 28 percent as of February 2023, which rose from 27.4 percent at the end of 2021. A high from 2004 when the vacancy rate reached 18.2 percent, the retail vacancy rate has doubled since 2019. Combine the acute menace of retail theft with the repercussions of COVID and the Cloud Tax and the damage wreaked on retail businesses increases manifold."