We break down complex business news to help you understand how money moves in Chicago and how it affects you.
Community group Near South Planning Board said the team’s move out of Soldier Field will result in potential economic losses for Chicago, from less tourism and visitor spending to fewer jobs.
Emanuel Congregation announced plans last year to redevelop its lakefront property into a mixed-use site, with housing, retail and a new synagogue.
The advocacy groups, including the Citizens Utility Board, are seeking a $54 million cut to the proposal, according to filings to the Illinois Commerce Commission. The Illinois Commerce Commission is set to rule on the company’s request later this year.
The company said it will sell 555.6 million shares at $135 each in an initial public offering, giving it a market value of $1.77 trillion.
The project will transform more than 55 acres of surface parking lots around the United Center into residences, retail, entertainment and community spaces and a hotel.
U.S. Rep. Jesus “Chuy” Garcia, D-Ill., is calling on Endeavor to reinstate two nurses fired from Evanston Hospital and to respect workers rights to organize.
La Grange-based Greek restaurant Prasino will occupy about 2,800 square feet at the 92-story building, whose retail space has long been vacant.
The Interchange Fee Prohibition Act was set to take effect on July 1 but lawmakers voted to put it on hold for a year.
Carlos Cedeno, maker of documentary-style wedding videos, was the sole Illinois winner in the online wedding platform’s nationwide small business grant program.
The proposal would ban hidden fees, create a registry to track rental units and establish an agency to be a hub for tenants and landlords.
The House of the Good Shepherd will be torn down ahead of the Cubs proposal to expand its Camry Lot, which still needs city approvals.
The legislation adds an additional level of oversight over insurance companies by giving the state Department of Insurance authority to review rate increases and reject them if they are found unfair.
The iconic Italian relish is “a taste of real Chicago” made by the fourth-generation grocery store J.P. Graziano.
