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Chicago Debt Document Says $8.5B O'Hare Revamp May Be Delayed

ENR Construction

An document filed by Chicago says the $8.5-billion billion revamp of O'Hare International Airport may be delayed as airline revenue, a key funding source, has been decimated by the pandemic, but the Chicago Dept. of Aviation says the new Studio-Gang-designed global terminal, the centerpiece of the revamp, will stay on track.

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Chicago Debt Document Says $8.5B O'Hare Revamp May be Delayed

ENR Construction

An document filed by Chicago says the $8.5-billion billion revamp of O'Hare International Airport may be delayed as airline revenue, a key funding source, has been decimated by the pandemic, but the Chicago Dept. of Aviation says the new Studio-Gang-designed global terminal, the centerpiece of the revamp, will stay on track.

Chicago 69
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Planned Lucas Museum in Chicago Relies on $1.2B Debt

Construction Equipment

The Chicago Tribune reports details of the latest proposal to bring the George Lucas museum to Chicago will require galactic-size funding. The George Lucas Museum of Narrative Art and the City of Chicago have been working on a deal to build a new museum facility in the area around McCormick Place.

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ReportL 2020 Sees Dip in Tall Building Completions

Construction Junkie

The report states that China has reduced tall and supertall building projects in order to reduce their debt and they have also created several public policies against the “needless production of exceedingly tall buildings.” 2020 was the first time since 2014 that China did not have the tallest building completed.

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Increasing Home Values Lift 1 Million Homes from 'Underwater' Status

Pro Builder

Chicago, Philadelphia, and New York experienced the largest declines in underwater homes during that period, reports National Mortgage News. There remain pockets of the country where housing debt-traps are widespread. Now, with home values up, there remains 2.25 million underwater homes, but it’s down from 3.5

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State of the Construction Industry: January Roundup

Viewpoint Construction Technology

In Chicago, officials are mulling over several design plans for an $8.5 Andrew Cuomo proposed a $150 billion, five-year infrastructure plan for transportation and mass transit projects, park facilities and expanding the use of design-build and other alternate project delivery methods. The Memphis, Tenn. Region saw $1.3

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U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

As a result, the report anticipates that 2014 may be the year that many investors who have traditionally focused mainly on large established markets such as Boston, Chicago, Los Angeles, New York City, San Francisco and Washington, will be expanding their focus to other cities in order to protect capital.

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