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5-Year, $3.7-Billion Chicago Capital Projects Plan Clears Finance Committee, Headed for Council Vote

ENR Construction

The city of Chicago's new five-year capital plan calls for road, sewer and Lake Michigan and Chicago river work, but requires $1.4 billion in new borrowing for the first two years alone.

Chicago 74
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Lender Halts Chicago's 1000M Tower as Developer Seeks New Financing

ENR Construction

Financier Goldman-Sachs clouds future of Helmut Jahn-designed structure with 90-day review, first major city project to pause construction over COVID-19 economic impacts.

Finance 71
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Burke Indictment Shows That 'Chicago Way' Is Still Alive

ENR Construction

Alderman Ed Burke, 75, the longtime chairman of the Chicago City Council’s powerful finance committee, was indicted June 4 on 14 counts of racketeering, attempted extortion, conspiracy and attempting to use interstate commerce to facilitate unlawful activity.

Chicago 48
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Chicago Looking to Build High Spreed Rail to O'Hare

Construction Equipment

According to a statement issued Tuesday, Chicago Mayor Rahm Emanuel and the Chicago Infrastructure Trust have issued a request for qualifications (RQF) for groups who want to take on the job of designing, building, financing, operating and maintaining an express train to O’Hare as a public–private partnership.

Chicago 49
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Chicago Councilman Accused of Shakedown in Burger King Remodel

ENR Construction

3 charged the chairman of Chicago’s powerful finance committee with one count of extortion. Federal prosecutors on Jan.

Chicago 47
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Commercial Construction Real Estate Trends from ICSC 2014

HardHatChat

From meeting with our connections in the commercial real estate banking industry, we’ve been assured there is no shortage of financing for commercial construction projects today. In fact, our commercial real estate financing sources are actively reaching out to us to see what our developer clients are working on. Tenant scrutiny.

ICSC 273
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Why the ‘Lock-in’ Effect Is Prompting Homeowners to Stay Put

Pro Builder

For example, Redfin found that in Atlanta, Chicago, Los Angeles and Washington, D.C., Financing. This “lock-in” effect is manifesting in markets across the country. homeowners with a mortgage rate below 3.5% less likely to put their homes up for sale in August than homeowners with a rate above 3.5%. New-Home Sales.