Loop North News
The Chicago Loop saw a significant economic boost this summer, driven by major events and office investments, as detailed in the latest State of the Loop report released by the Chicago Loop Alliance. Just miles from downtown Detroit, the newly revamped St. John’s Resort combines luxury and philanthropy, donating all profits to education and ...
Loop North News
Loop North is a news and information website serving the Loop and Near North neighborhoods of downtown Chicago.
Big property tax hike rejected but more headaches are coming
1 day ago · The tax increase was just one part of the mayor’s plan to cover the nearly $1 billion deficit in the 2025 city budget. The hike would have boosted property taxes by 4.8 percent, raising them by an estimated $318 on a typical $350,000 Chicago bungalow. However, dropping the plan for a giant property tax increase doesn’t mean that our ...
Home buyers stuck with leftovers as rates continue to rise
3 days ago · On November 7, ahead of the Fed meeting, it was 4.4 percent. “It is clear that home purchase demand is very sensitive to mortgage rates in the current market environment,” noted Sam Khater (left), Freddie Mac’s Chief Economist, after mortgage rates inched up to 6.79 percent on November 7. “As soon as rates began to rise in early October ...
Aldermen welcome closing of Streeterville migrant shelter
2 days ago · By Steven Dahlman. 18-Nov-24 – The closing of Streeterville’s controversial migrant shelter is part of a citywide change intended to improve housing and support services for all homeless Chicagoans. The shelter at the former Inn of Chicago at 162 East Ohio Street officially closed on November 15. A new central sheltering system, announced ...
Loop North News - New entrance planned for Clark/Lake CTA …
2 days ago · 17-Nov-24 – The CTA says a new entrance to the Thompson Center, near the intersection of Clark & Lake, will improve accessibility to one of its busiest stations. The new entrance, says the CTA, will also attract more foot traffic to the surrounding area. Currently, the main entrance is located under existing L tracks along Lake Street, but ...
Will rates push Chicago housing market into deep freeze?
By Don DeBat. 7-Nov-24 – With the winds of winter soon to be blowing in Chicago, rising mortgage interest rates may soon push the city’s housing market into a deep freeze.. Freddie Mac reported in its October 31 Primary Mortgage Market Survey that benchmark 30-year fixed home loan rates have risen nationwide five weeks in a row …
Pedestrian activity in Loop closing in on pre-pandemic levels
24-Apr-24 – Pedestrian activity in the Chicago Loop in the first three months of 2024 approached, and in some cases exceeded, pre-pandemic levels. According to Chicago Loop Alliance, the Loop is showing signs of actual “bustling.”. The number of people walking along State Street – residents, workers, and visitors – was higher than it ...
Loop recovery continued through 3Q, says Chicago Loop Alliance
6-Nov-23 – Economic activity in the Loop, July through September, continued its return to pre-pandemic levels, according to a new report by Chicago Loop Alliance. Pedestrian activity on State Street and Michigan Avenue was up in the past year to 75 percent of its pre-pandemic level, thanks to events such as Lollapalooza, NASCAR, and CLA’s ...
Chicago Loop tops U.S. downtowns in employment, residential …
Aug 24, 2024 · Photo by Vashon Jordan Jr. By Steven Dahlman. 24-Aug-24 – The Chicago Loop has surpassed the downtowns of 53 other cities across the United States in a new report comparing metrics such as employment and residential growth.. So much so, that the Chicago Loop Alliance says the study confirms that the Loop is “the most significant and vital of Chicago’s neighborhoods.”