Vista Tower had all the makings of success. Then things got complicated. – Crain’s*

The 93-story tower is now nearing completion on East Wacker in Chicago. But its hotel partner bailed. A plan to sell to Chinese buyers failed. The downtown market tanked. A major design flaw was revealed. Then came pandemic and civil unrest.

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Poor Taxpayer
5 years ago

Section 8 housing on its way.

Freddy
5 years ago
Reply to  Poor Taxpayer

Also probably occupied by Squatters that can’t be evicted.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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