Mayor Rahm Emanuel's administration is making preparations to issue up to $900 million in bonds this year to lower some of its borrowing costs, push other debt off into the...
In a move that will add to the city's mountain of debt, Mayor Rahm Emanuel won support Monday from the City Council's Finance Committee to issue up to $900 million...
Readers often tell us that they count on us to provide in-depth local investigative reporting. That's exactly what reporter Jason Grotto does as a member of the Tribune's Watchdog team....
Readers often tell us that they count on us to provide in-depth local investigative reporting. That's exactly what reporter Jason Grotto does as a member of the Tribune's Watchdog team....
The turn of the millennium was a heady time for many Chicago cultural institutions. Cheap loans, high investment returns and swelling endowments spawned a slew of new attractions along the...
The turn of the millennium was a heady time for many Chicago cultural institutions. Cheap loans, high investment returns and swelling endowments spawned a slew of new attractions along the...
Borrowing and spending on the assumption that more money and visitors would follow was not the only financial risk many cultural institutions took. They also put off pension payments and...
Borrowing and spending on the assumption that more money and visitors would follow was not the only financial risk many cultural institutions took. They also put off pension payments and...
In the years before the global financial crisis hit, many of Chicago's cultural institutions took on major financial risks by borrowing tens of millions of dollars to fund expansions, renovations...
In the years before the global financial crisis hit, many of Chicago's cultural institutions took on major financial risks by borrowing tens of millions of dollars to fund expansions, renovations...