Here's a shock: there may be some financial shenanigans afoot dealing with the 2016 Olympics and TIFs. A few weeks ago, we took at a look at the city’s new TIF Sunshine website where you can see all of the city’s TIFs, what they’re for and where they’re boundaries are. Last winter, the city announced Michael Reese Hospital would be the future site of the Olympic Village should Chicago be awarded the 2016 Olympics. In June of this year, the City of Chicago bought Michael Reese hospital for $86 million and Mayor Daley later announced that a new TIF would be created to help finance some of those Olympic dreams. That didn’t quite gel; we thought the hospital was already located in the Bronzeville TIF. So we took a look at the TIF transparency website with Friend of Chicagoist Adam Verwymeren and, lo and behold, Michael Reese Hospital was already in the middle of that existing Bronzeville TIF. more ›

• The City has awarded contracts connected to the demolition of Michael Reese Hospital to make way for the proposed Olympic Village for the 2016 Summer Olympics.
• Unemployment for the Chicago metro area is up again, hitting 11.3 percent for June.
• The battle over a helipad at the new Children's Hospital in Streeterville continues.

Preservation Chicago unveiled today their annual list of the "Chicago 7," the seven most endangered buildings of the city. They are: more ›