A warning sign that City Hall should heed

Crain’s Chicago Business | Sep 13, 2019 at 5:17 PM
  • As Mayor Lori Lightfoot prepares to present her critical first city budget, a key indicator of the health of the downtown office market has begun to flash red—a sign of the difficulties the mayor may face as she struggles to raise new revenue without stalling growth.
  • Rather, the weakness is in capital flows, the amount of money spent to buy or sometimes build new structures.
  • As reported by my colleague Alby Gallun, the 2019 report ranked Chicago 49th of 79 cities in terms of potential asset growth.