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Bally's says it has locked up $940 million in construction financing to build a 34-story hotel tower now slated for Ohio Street and the Chicago River.
Norcross is accused of running an empire that used extortion to secure development deals and benefit from a tax program.
Members of the new collective say getting insurance costs under control will allow them to spend more on repairs and maintenance for tenants.
Proponents say widening the accessory dwelling unit program would combat the affordable housing shortage and add density to neighborhoods, but add that construction costs can rise quickly.