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The price of the Forever stamp has slowly increased since it was first introduced in 2007, when it cost 41 cents.
The popular free creative writing workshop cited a loss of government and philanthropic funding.
Federal officials haven't asked that the "tent city" next to the Dan Ryan Expressway be cleared, but a top mayoral aide says she doesn't want to wait and then scramble.
Almost all of the towers stand empty, CityBridge officials say, leaving residents without the promised high-speed 5G internet access.