The project would kick off a new chapter for one of the city’s most famous buildings and bolster the Magnificent Mile’s post-pandemic recovery.

The legislation envisions what may be a first-of-its-kind funding pipeline that directs short-term rental taxes to affordable housing efforts.

Two companies that plan to build quantum computers at the Illinois Quantum and Microelectronics Park will receive $100 million each from the federal government.

A contentious Fulton Market high-rise proposal will wait at least another month for the City Council’s sign-off as the developer pitching it tries to secure land for a promised public park.

The Trump administration has renewed threats to cut customs staffing at airports in sanctuary cities, raising concerns about disruptions at O’Hare and other major international hubs.

An Elevated Chicago report shows a policy plan adopted by the city in 2021 helped spread development near CTA stops more ...

Antonio Gracias, the founder of Chicago-based Valor Equity Partners and a longtime Elon Musk ally, controls a 4% economic stake in SpaceX through various funds, the second-largest position disclosed ...

Brandon Johnson has floated the idea of city control over stadium finance authority. The governor promptly threw cold water ...

Mid-market investment bank Lincoln International Inc. and its backers raised nearly $421 million in an initial public ...

Chicago developer Mike Reschke is poised to buy a mostly empty downtown office tower at a staggering 90% discount from its 2014 sale price, reinforcing both the financial carnage in the local office ...

The City Council is likely to push for better terms in the concession contract under a new owner.

David Glockner replaces former Inspector General Deborah Witzburg, who announced in the fall she was not seeking a second term.