Our read between the lines here is COOK COUNTY TAXES going forward. Makes sense because entertainment taxes in Cook County deplorable. Ask Rocky Wirtz of the Blackhawks who pays out over 15 million a year in taxes on tickets sold averaging around twenty dollars a ticket, the difference in having his team profitable in a given season.It may very well be that political bickering is catalyst for Bears hesitation on pulling the final trigger in Arlington Heights but it also serves as a cover to explore other options. Can always sell the 326 acres they now own on former racetrack site or develop it in partnership with an experienced purveyor. Time will tell…

by | Jun 5, 2023 | Banking and Finance, Breaking News, Chicago centric content, Sports news

https://chicago.suntimes.com/2023/6/2/23747085/naperville-chicago-bears-team-meeting-officials-stadium-site-arlington-heights

We were reading about Silver Star Properties in Houston converting SEVEN MILLION square feet of dead office space to self storage in a desperate attempt to salvage their REIT portfolio. Irony is we are seeing pullback in discretionary purchases so people not as prone to needing storage space for things, this just as capacity in industry poised to explode. Real estate always seems to the the revealing bellweather for our economy. If you have a storage unit be ready to find serious alternatives with same if not better services and protections at half the price within a very short time frame.Banks loathe to invest in speculative applications to these dead in the water properties and total demolition with rebuild as opposed to one time build out will usually be the go to method for repurposing these properties, ESPECIALLY in this current stressed banking climate.

by | Jun 4, 2023 | Banking and Finance, Breaking News, General interest, Latest News

OK Fine

by | Jun 3, 2023 | Banking and Finance, Breaking News, Fintech

JPMorgan's No. 2 explains how the #fintech threat made the nation's #largest #bank even #bigger https://t.co/JXXe9O9r3C @jpmorgan #banking #finserv @kajawhitehouse @BusinessInsider @psb_dc @JimMarous @cgledhill @Visible_Banking @Xbond49...