Chicago's bond rating dropped to BBB — one step above lowest investment grade
The move will increase the city's borrowing costs, including for Mayor Brandon Johnson's proposed $1.25 billion bond issue ...
City Council dodges controversial votes on Welcoming City carve-outs, lower speed limit
The failed effort on carve-outs was spearheaded by Southwest Side colleagues Ray Lopez (15th) and Silvana Tabares (23rd), two of Mayor Brandon Johnson’s most outspoken critics. The exceptions to the ...
Bally’s seeks key property tax break for $1.7B Chicago casino
The gambling firm building a $1.7 billion casino and hotel project on the former Chicago Tribune printing plant faces ...
Reinsdorfs, Wirtzes unveil look at $7B Near West Side makeover
The Reinsdorf and Wirtz families that own Chicago’s NBA and NHL teams revealed their first phase for a makeover of the United ...
Crain's Chicago Business12h
Clayco sees revenue soar from data center projects as AI drives demand
The Chicago-based construction company says revenue from data center projects more than doubled last year to $3.6 billion and ...
Chicago suffers credit downgrade following agency warning over Mayor Brandon Johnson’s 2025 budget
Ratings agency S&P downgraded the city of Chicago’s general obligation debt late Monday, citing structural imbalance in the just-passed 2025 budget, limited options for new revenue down the line and a ...
SL Industrial doubles Chicago-area footprint with major industrial portfolio acquisition
SL Industrial Partners has significantly expanded its Chicago-area presence. Find out the plans for three rebranded business ...
FOX 3217h
Chicago Public Schools faces major fiscal challenges, analysis finds
A new report warned of a dire financial outlook for CPS with mounting budget deficits if significant action isn't taken.