Wednesday, May 16, 2018

Why, oh why, did Tronc pay Ferro $15 million?

Tronc's board essentially shelled out $15 million for three months' worth of consulting services. That's an overly generous parting gift for its now-departed chairman.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180516/BLOGS10/180519919/why-oh-why-did-tronc-pay-ferro-15-million?utm_source=BLOGS10&utm_medium=rss&utm_campaign=chicagobusiness

A refreshing plan for the Spire site

The 400 Lake Shore Drive proposal is a fine pair of buildings, which will fit in nicely on a prime Chicago parcel, our critic writes.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180516/NEWS07/180519914/a-refreshing-plan-for-the-spire-site?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

See the $1 billion Spire site plan

The must-read stories to get your day started.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180516/MORNING10/305169999/see-the-1-billion-spire-site-plan?utm_source=MORNING10&utm_medium=rss&utm_campaign=chicagobusiness

Tuesday, May 15, 2018

Winnetka's on a high-end hot streak

The North Shore town started the year with a $10 million home sale. Now it has its second $12 million sale in a month. It hasn't seen levels like this in years.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180515/CRED0701/180519920/winnetkas-on-a-high-end-hot-streak?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

How law and order is playing out in Illinois races

Preckwinkle's lobbyists fight a proposal for stronger penalties on often young and minority perpetrators, Emanuel and Vallas argue about how many more cops the city needs and Rauner talks capital punishment for cop killers. Is there a middle ground?

from nicholemhearn digest http://www.chicagobusiness.com/article/20180515/BLOGS02/180519921/how-law-and-order-is-playing-out-in-illinois-races?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Obama Foundation organizing rally for supporters of Jackson Park site

"We hope to have the galleries full of our supporters who can clap and cheer for positive speakers" at May 17th's Chicago Plan Commission meeting.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180515/NEWS07/180519922/obama-foundation-organizing-rally-for-supporters-of-jackson-park-site?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Local pension fix could backfire, S&P says

A little-noticed law that allows Illinois to force municipalities to fully fund their public-safety pension plans or lose often substantial state funding has caught the eye of Wall Street, with a major ratings agency warning that it could...

from nicholemhearn digest http://www.chicagobusiness.com/article/20180515/BLOGS02/180519923/local-pension-fix-could-backfire-sp-says?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness