He did. Taxpayers are paying to build the staging platform for the tower. So while this tower looks like it'll start construction by the end of the year, taxpayers are paying for that construction. Not the developer. Once the developer starts to build the actual tower with equity partners and investors, then I'll be more convinced Chicago's office market is back.The economy still stinks for real estate in Chicagoland.
Developers would be crazy to add more supply when the South Loop and West Loop are full of empty buildings. Maybe Rahm is offering TIF subsidies for new development, becaus there's no way these proposals make any financial sense.