This weekend will see the first parking meter increase since Mayor Daley sold the meters to a private company to help the city raise money in the face of a budget shortfall. When and where will the increases start? It all begins Friday in the Loop. more ›

Mayor Daley has proposed a plan for a $12 million subsidy to pay for a new 354-room Loews hotel at the Block 37 site, specifically the southeast corner of Randolph and Dearborn. Tack the new money onto an existing $42.4 million going towards the project.

The new money would partially compensate the block's lead developer, Joseph Freed & Associates LLC, for cost overruns in the construction of a CTA station beneath the property. more ›