Chicago hotel occupancy back to pre-recession level
Visitors filled downtown hotel rooms in 2012 at a rate not seen since before the recession.Hotel occupancy rose to 75.2 percent, up from 72.2 percent in 2011, according to an...
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City outlines terms of Midway privatization
Companies interested in vying for a contract to privatize Midway Airport will have to agree to an array of stipulations, including a lease of not more than 40 years, according...
RTA accuses United, American of running ‘sham’ to avoid taxes
The Regional Transportation Authority on Monday accused United Airlines and American Airlines of running "sham business operations" that have deprived Chicago and Cook County taxpayers and public transportation agencies of...
Mayor appoints panel to advise on potential Midway privatization
Mayor Rahm Emanuel today named a seven-member panel to advise the city as it explores the possibility of privatizing Midway Airport. The committee will be asked to represent the public...
McCormick Place development fight held over to 2013
The lengthy battle for control over property slated for hotel development adjacent to McCormick Place will extend into 2013 after a federal bankruptcy judge on Thursday gave the long-time property...
Midway Airport lease deal could face investor, political head winds
Crafting a plan to privatize Midway Airport that is palatable to profit-seeking investment bankers, wary aldermen and other critics will present a formidable challenge to Mayor Rahm Emanuel. In announcing...
Mayor Rahm Emanuel launches Midway privatization plan
Mayor Rahm Emanuel's administration will explore the possibility of privatizing Midway Airport but will take a shorter-term, more tightly controlled approach than was employed by former Mayor Richard Daley's team...
Convention officials OK property purchase near McCormick Place
Convention officials on Tuesday took a step toward acquiring properties north of McCormick Place for the potential development of hotels, restaurants and entertainment venues. The Metropolitan Pier and Exposition Authority...
McPier begins assembling land for future developments
Convention officials agreed to pay $5.1 million for a relatively small property just north of McCormick Place in a move toward assembling land for future hotel and entertainment developments. The...
Rita Athas steps down as president of World Business Chicago
Rita Athas, who served as a trusted lieutenant in former Mayor Richard M. Daley's administration, is stepping down as president of World Business Chicago after five years in the job....