The Chicago ward where the Obama library is located is one of the only parts of the city to see an increase in STR licenses.
An analysis of short-term rental licenses in the Chicago ward that includes the new Obama Presidential Center shows that new permits have increased sharply in the area, prompting fears of displacement and rent spikes for long-time residents.
"Comparing licenses expiring in 2019, the first full year of available data, with licenses expiring this year, WBEZ found the city, overall, has seen a 38% decrease in shared housing licenses. But the 20th Ward has seen a 46% increase during the same span," explain Esther Yoon-Ji Kang and Cam Rodriguez in the Chicago Sun-Times.
"It would be a shame if the monument to the first Black president, in the heart of this historic Black community, displaces Black residents. I don’t think that that is President Obama’s intention at all, but it is what the market is bearing," said Alderman Desmon Yancy, who last year sponsored an ordinance that aims to protect residents from displacement.
Read the full story: As Airbnbs explode around the Obama Center, housing advocates say affordable units are disappearing
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Spain Fines Airbnb $75 Million After Crackdown on Unlicensed Rentals
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Spain Moves to Ban 66,000 Airbnbs
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
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Chicago breaks ground on $3 billion megadevelopment
The new neighborhood, titled Foundry Park, will one day host 3,700 residences.
Satanic Place Names
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California High-Speed Rail Authority CEO resigns after $600,000 scandal
Under Ian Choudri, the authority used taxpayer dollars to fund first class flights and trips to nightclubs.
Want to study the Missouri River? Soon, you may need unanimous approval from 10 states
Legislation would require 10 governors’ permission to study or build projects moving water outside the basin.
FREE Course: Walkable City 1: Why Walkability?
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Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
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