Morning 10

Tuesday, October 1, 2024

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1. Anti-gentrification ordinance gives rare power to tenants over building sales

Renters in hot-spot neighborhoods on Chicago's North and West sides gain a measure of control over who buys the buildings they live in when the ordinance takes effect next week.

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2. Byline Bank and Wirtz family's First Security announce merger

The deal combines the Chicago area's fifth-largest bank with a much smaller competitor known for commercial lending.

3. Alinea Group co-owner Nick Kokonas sells ownership stake

Nick Kokonas announced the sale of his stake in the restaurant group behind three Michelin-starred restaurant Alinea.

4. CVS explores options including a potential breakup: report

Walgreens' chief rival is conducting a strategic review of options, Reuters reported, as the company faces headwinds from its drugstore chain and Aetna health insurance arm.

5. West Englewood school shuttered in wave of CPS closures will become affordable apartments

The former Charles Earle School is the latest to be reactivated of the 50 Chicago Public Schools — 46 buildings in all — that Mayor Rahm Emanuel's administration closed 11 years ago.

6. Mental health workforce would have to double in 5 years to meet demand: report

An extensive report released today by Cook County Health details the extent of the behavioral health workforce crisis and the tactics the county health department is considering to meet or at least lessen the challenge.

7. Fed's Goolsbee says prolonged ports strike poses supply risks

"Anything that’s a negative supply shock, in our language, that’s going to raise the cost of doing business and lead to shortages, is something that we’re just going to have to deal with and the impacts are never good."

8. Crime in Chicago is down. Why doesn't it feel that way?: Crain's Daily Gist podcast

Data indicates crime rates are down. Crain’s contributor Steve Hendershot talks with host Amy Guth about why it might not feel that way.

9. Register now for Crain's Family Business Lunch

Don't miss a one-on-one conversation between Crain Communications CEO KC Crain and InspereX founder and Cubs Executive Chairman Tom Ricketts on growing, diversifying and innovating within family-owned enterprises. Register by Nov. 4.