The agency that operates McCormick Place will be able to pile on to its massive debt load thanks to the state's long-awaited budget. Built into legislation that passed last week is a $293 million increase in the bonding capacity. The agency maxed out its borrowing limit two years ago. Despite a gargantuan long-term debt burden that totaled $3.7 billion as of June 2016, McPier officials plan to take advantage of the new line of credit immediately.
Moody’s warns of another credit downgrade for CPS after district fails to make full $733 million pension payment – Illinois Policy
Cook Co. jury orders $115M to families of victims of 2013 Afghanistan military cargo plane crash – Cook County Record
Analysis: North Cook County fire, police pension funds paid $195 million, lost $5 million on investments in 2016 – North Cook News
Proposed Fair Workweek ordinance would mandate predictable schedules, stable paychecks – Chicago Tribune
Chicago Looks to Become Fintech Mecca As Lawmakers Show They Actually Understand Blockchain – International Business Times
A music video shot during a raucous gang party that brought 1,000 people to the Near West Side last weekend shows shocking images of men and even children flashing guns while others party, drink and dance in the middle of residential streets as police idly sit by.
U.S. Supreme Court decision could have big impact on mass actions in Cook County, elsewhere – Cook County Record
The Chicago area's slow housing market recovery comes at a price: $107 billion. That's the difference between the current market value of all residential property in the six-county area and what it would be worth if the Chicago real estate market's recovery were keeping up with the nation's.
Long before President Trump turned a protectionist eye to the iniquities of Canadians, another opinionated American tycoon decided that he had had enough. Eighty years ago, the cross-border irritant wasn’t Nafta or softwood lumber. As Maj. Frederic McLaughlin saw it, Canada was flooding American markets with too many hockey players. In 1937, his short-lived America-first campaign was all about making his Chicago Black Hawks great again.
Inspired by Sanders, activists in Chicago push Democrats to left — or out of the way – Chicago Tribune
New Cook County Pop Tax In July Also Includes Juice Boxes, Gatorade, Red Bull And More – DNAinfo Chicago
How Chicago Is Quickly Becoming The Social Entrepreneurship Capital In The US (And What It’s Doing To Get There) – Inc.com
City Council’s 30-minute limit on public comment would be an insult to taxpayers – Opinion – Chicago Tribune
City watchdog offers Emanuel cost-saving ideas as dozens of union contracts expire – Chicago Tribune
The assessed value of residential properties in 50 suburban townships increased an average of 11 percent over the past three years. But the rise in assessments varies widely, from 32.7 percent for homes in Kane County's Plato Township to as little as 1.3 percent in Lake County's Antioch Township.
Chicago Teachers Union Pet: South Suburbs’ Hutchinson leads charge for CPS bailout – South Cook News
Supreme Court decision puts dent in ‘patent troll’ cases, may put companies on defense in Chicago court – Cook County Recod
In the week that ended May 13, buyers put 874 homes under contract in the city, according to data posted Monday by the Chicago Association of Realtors. (It's the latest week for which data is available.) The contract figure is on pace to end May as a record-setter. Both weeks of May have had more contracts than any week in March, which saw more contracts signed than any month going back to 2007. If the momentum continues through the later weeks of May, the monthly total will eclipse March's 3,141 contracts.