Fairly sizable funding contingencies still have to be resolved, but the so-called Red-Purple Bypass Project could increase rush hour capacity at a critical North Side junction by 30 percent.
Apr 18, 2014 Crain's Chicago Business
Chicago political leaders are floating a pair of competing bills that would regulate transportation network companies like Uber, Lyft, and Sidecar. Cab companies are pushing for legislation, seeking a “level playing field” in the market.
Mar 27, 2014 Crain's Chicago Business
In desirable cities across America, home prices are well on their way back to pre-bust levels. But in areas like Chicago's southern suburbs, prices are down more than 40 percent from recent highs, and approaching were they were twenty years ago.
Oct 29, 2013 Crain's Chicago Business
Greg Hinz tours the unfinished 'superstation' under Block 37 in the central Loop, built by the Chicago Transit Authority at a cost of $218 million. It would cost an estimated $150 million to complete, a sum that's unlikely to be raised anytime soon.
Jun 17, 2013 Crain's Chicago Business
Not to be outdone by its big (and small) city brethren, the nation's third largest city is launching its long-awaited, and relatively secretive, bike-sharing program next month. And according to Paul Merrion, they're starting with a bang.
May 29, 2013 Crain's Chicago Business
On Chicago's South Side, Jackson Park once inspired million of visitors to the 1893 World's Columbian Exposition, including a young Frank Lloyd Wright. After years of neglect, Robert Karr Jr. wants to revitalize the park along a Japanese theme.
Apr 25, 2013 Crain's Chicago Business
After five rough years, architecture billings are on a sustained upswing. In Chicago, where the number of employed architects dropped 33 percent between 2008-2011, this means firms are staffing up to meet a growing number of commissions.
Apr 17, 2013 Crain's Chicago Business
With its surging job and population growth, and high retail sales, downtown Chicago is outperforming the suburbs for the first time in decades. Perhaps more than any other city in the country, it reflects the inversion of the post-war paradigm.
Mar 4, 2013 Crain's Chicago Business
Mary E. Morrison reports on a precipitous drop in the percentage of renters leasing parking spaces in new downtown Chicago residential buildings, causing developers to rethink the way they build and market their buildings.
Mar 30, 2012 Crain's Chicago Business
A sluggish housing market has stemmed the flow of young parents into Chicago's suburbs, putting pressure on city officials to make public schools better, John Pletz reports.
Mar 28, 2012 Crain's Chicago Business