Inside these posts: Mayor Richard Daley

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City, airlines reach deal on O’Hare runways

By Jon Hilkevitch | Mayor Richard Daley and United and American airlines have negotiated a breakthrough, $1.7 billion deal to continue runway construction at O’Hare International Airport, according to the United States Department of Transportation.

The department issued a news release this morning that said the agreement on the O’Hare Modernization Program will allow work to begin on an additional south runway at the airport in addition to other improvements that would allow O’Hare to “deal with increasing traffic.”

Target to open in old Carson’s building

Outside the former Carson Pirie Scott building on State Street. (Heather Charles/Chicago Tribune)

Target Corp. announced on Tuesday long-anticipated plans to open a store in Chicago’s Loop.

The store, called City Target, will lease space in the Sullivan Center at 1 S. State St., which has been empty since Carson Pirie Scott closed its flagship department store in 2007.

Target plans to open the store next year. The urban format, smaller than the typical Target store, will offer fresh food, apartment essentials and clothing. It will mark the Minneapolis-based discount chain’s 10th store in Chicago and create about 200 jobs.
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Daley panel to explore tech park on Reese site

John Byrne | Clout Street | Mayor Richard Daley has put together a group of business leaders and university officials to advise the city on turning the vacant Michael Reese Hospital site into a technology park for businesses.

Daley has discussed the possibility of a tech park on the Near South Side lakefront parcel since shortly after the city’s 2016 Olympics bid failed. The Michael Reese site had been tapped to be the Olympic Village for athletes, and the city paid $91 million to acquire it.

CME wants Daley subsidy for trading floor overhaul

CME Chairman Terry Duffy, left, shows off CME Group's trading floors, Nov. 10, 2008. (Chris Walker/Chicago Tribune)

The Chicago Mercantile Exchange will overhaul its east trading floor at the Chicago Board of Trade building as part of a renovation plan funded by a proposed $15 million in tax increment finance assistance.

Mayor Richard M. Daley proposed an ordinance for the CME’s TIF agreement on Wednesday. The city of Chicago had pledged the¬†assistance to CME in October 2009.

In exchange, CME agreed to keep 1,750 full-time positions and add at least 683 local jobs during the next decade. City officials said CME needed the financial help to outbid Atlanta-based IntercontinentalExchange for the Chicago Board of Trade. If the other company had succeeded in acquiring CBOT, the headquarters and jobs would have moved to Atlanta, officials said. Get the full story »

Chicago to keep restaurant show

While the National Restaurant Association announced Monday that its high-profile trade show will stay put in Chicago through 2016, the city is not quite on terra firma yet.

The association will keep a close eye on whether a new state law aimed at cutting exhibitor costs at McCormick Place is fully implemented — a progression that could be derailed if two trade unions prevail in their challenge of the law in federal court.

“If something changes and the legislation is not able to be enacted the way it was designed and exhibitor rights go away, it becomes more difficult to explain why we would be in Chicago,” Mary Pat Heftman, executive vice president/convention for the association, said after a press conference announcing the new pact. Get the full story »

Daley urged to halt fast food restaurant construction

A group that lobbies against fast food and meat consumption will ask Mayor Richard Daley to temporarily stop fast food restaurant construction.

In a Nov. 4 letter shared with the Tribune, a director of nutrition at The Physicians Committee for Responsible Medicine writes that fast food consumption leads to obesity and heart disease.

“This step is urgently needed because Chicago’s high-fat, meat-heavy diets are literally breaking hearts,” Susan Levin, the director of nutrition, writes. “A moratorium on new fast-food restaurants could be a critically important step toward fighting this epidemic.” Get the full story »

Daley’s budget calls for scaling back the head tax

Chicago employers would see modest tax relief under Mayor Richard Daley’s proposed 2011 budget plan, which calls for scaling back of the payroll head tax.

Employers now are required to pay $4 a month for every employee who earns at least $900 per quarter. Under Daley’s proposal, the tax would apply only for employees earning at least $4,300 per quarter, the amount a full-time minimum-wage worker would earn. Get the full story »

Daley won’t push to privatize Midway Airport

Mayor Richard Daley said Wednesday he will not push forward with a second attempt to privatize Midway Airport during the remainder this term, which ends next May.

“We’re not going to move on it,” Daley told the Chicago Tribune’s editorial board during a discussion of his proposed 2011 budget. “It will be up to the [next] mayor to make that decision.”

The mayor has pursued the idea as a way to bring a revenue windfall into city coffers, as happened with the outsourcing of parking meters and the long-term lease of the Chicago Skyway. But a proposed deal to lease Midway for 99 years for $2.5 billion fell through last year when the investors could not secure funding. Get the full story »

Daley, business leaders going to China, South Korea

Mayor Richard Daley will travel to China and South Korea next month to promote Chicago as a destination for businesses and tourists.

The Sept. 18-24 trip will be sponsored by the Chicagoland Chamber of Commerce and World Business Chicago. The mayor will make stops in Shanghai, China, and in the cities of Busan and Seoul in South Korea.

Daley panel to address needs of tech firms

Mayor Richard M. Daley said Tuesday that he has created a committee to study infrastructure needs for local technology companies and entrepreneurs.

The committee comprises 20 members, including top executives at local tech firms and representatives from area universities. The group also includes local venture capitalist Matt McCall of New World Ventures, Navteq Chief Executive Larry Kaplan, Kevin Willer of Google’s Chicago office, and Brad Keywell and Eric Lefkofsky, co-founders of Lightbank, a Chicago-based investment fund focusing on early-stage tech companies. Get the full story »

Daley weighs privatizing Taste of Chicago, recycling

Mayor Daley announced today that the city will look into privatizing the city’s recycling program and lakefront festivals — potentially including Taste of Chicago — to close a $655 million budget hole.

New McCormick work rules attracting shows

Mayor Richard Daley says the International Manufacturing Technology Show, which has held its trade shows at McCormick Place since 1947, has decided to recommit for three more shows through 2016.

The group is one of six current trade shows that have recommitted to the city and three new shows that have signed on. Get the full story »

Walgreens to sell vegetables, fruit in ‘food desert’

Walgreen Co. plans to unveil its fresh food format Wednesday at one of its South Side stores, the culmination of a year-long effort¬† to bring groceries to the city’s food deserts.

The store, at 67th Street and Stony Island Avenue, is one of 10 Walgreen stores in the city redesigned to carry groceries. The stores will offer more than 750 new food items such as fresh fruits and vegetables, frozen meat and fish, pasta, rice, beans, eggs and whole-grain cereals. Get the full story »

An $11B return on Chicago parking meter lease?

From Bloomberg | A Morgan Stanley-led partnership will get at least $11.6 billion from Chicago drivers over the next 75 years, 10 times what Mayor Richard Daley got when he leased the system to investors in 2008. Get the full story »

Daley emphasizes job growth in annual speech

Mayor Richard Daley sounded like a politician who’s going to run for re-election as he delivered his annual State of the City speech, said several aldermen who heard it today. Throughout the 40-minute talk, Daley touched on future improvements he thinks are important for Chicago’s success in areas of job growth and education.