What the Fed's interest rate cut will mean for deals in Chicago

Sep 18, 2024, 11:01 AM•crainalerts

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Morning 10

Wednesday, September 18, 2024

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1. Interest rate cuts are imminent. Here's what it'll take to get deals moving here again.

The Fed is finally expected to lower interest rates today at the close of its two-day meeting, but breaking a logjam of deals will take more than a slight cut.

2. United Center owners detail apartments, hotel vision for 1901 Project

The owners of the Chicago Bulls and Blackhawks have submitted a zoning application to the City Council for the 1901 Project, a $7 billion planned transformation of the Near West Side arena's surroundings.

3. O'Hare and Midway slip in the latest J.D. Power rankings

Chicago's busiest airport is showing its age — and passengers are noting it in the latest ranking of the nation's travel hubs.

4. Case of former AT&T boss accused of bribing Madigan heads to jury

Paul La Schiazza maintains his company got a legislative win through legal lobbying.

5. Booth and Kellogg business schools near top of new ranking

A pair of Chicago universities are near the top of the latest Bloomberg Best Business School rankings.

6. Metropolitan Planning Council taps Obama, City Hall alum as new CEO

Dan Lurie will take over for Darlene Hightower, who stepped down from the planning and policy nonprofit earlier this year.

7. Unsecured databases exposed sensitive voter data in over a dozen Illinois counties

Data available on the open internet included voting records, Social Security numbers, dates of birth, addresses and more.

8. Yellow must pay $6.5 billion to pension plans

By far the largest of the 11 plans and thus with the largest proof of claim is Teamsters Central States, Southeast & Southwest Areas Pension Fund, based in Des Plaines.

9. Top earners at the Healthcare Information & Management Systems Society

Here's the latest compensation data for the Chicago nonprofit dedicated to improving IT and management for health care in the U.S.

10. Suburban mental health center owners get prison time for $2.5M Medicaid fraud

Two managers and an employee of a youth counseling center pleaded guilty to charging for more services than they provided, paying for non-reimbursable operations and directing personnel to cover up the fraud.

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