Danny Ecker

The warning underscores the financial pressures Bally’s faces while trying to finish its Chicago casino project and sparring with the city over video gambling.

Winning public support for plans to replace commercial properties with warehouses has proven difficult in recent years.

While hotels have staged a comeback since the COVID-19 pandemic, the lawsuit is part of a long list of data points showing how severely local hotel values have fallen.

The redevelopment would breathe new life into a long-troubled property, potentially reshaping the economic role of a site that has struggled to keep pace with changing shopping habits.

A high-profile investigation into billionaire Mark Walter’s business empire could have legal implications for a trio of Chicago companies reportedly under scrutiny for their role in a complex web of transactions involving the Guggenheim CEO’s insurance companies.

The firm becomes the first new tenant to sign on at the building since a venture of Vancouver, B.C.-based Onni Group bought it in March for $125 million.

The plan sets up a likely showdown between the nation’s largest data center operator and local officials determined to prevent the historic horse track from being transformed into a facility for computer servers.

The new analysis shows that reversing the landlord-to-homeowner tax burden shift hinges on growing the local commercial tax base.

In a letter to aldermen, Bally's said video gaming poses a far greater threat to the $1.7 billion casino and hotel complex that is central to Chicago’s financial future.

A new UIC study said more than half of the city's TIF spending since 1986 has backed projects in or near downtown.