Source: Bisnow

Chicago is on the verge of one of the more momentous physical transformations in its history. Developers have unveiled a series of sweeping plans for new mega-communities that will vastly expand the Central Business District into areas that for decades held railyards, industrial sites and empty fields.
At the same time, the ability of developers to raise the funds needed for their ambitious plans is under threat. Profound political change swept away leaders seen as business-friendly by many in real estate, raising fears that investors will begin avoiding the city due to the likelihood of higher commercial property taxes, among other concerns. Financial difficulties…


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