Now that the condo boom is a bust, Daley introduces protections for renters

Mayor Daley is proposing a renter protection bill that mandates more notice from developers who want to convert to condos. In the current recession it's hard to think of any developers selling anything, in fact many new condos are sitting vacant, or being offered as rental units.

Also in the news...

  • The recession might be helping some parents finally get their child support checks.The Department of Child and Family Services has been aggressively
    garnishing
    unpaid child support from unemployment checks. This year the agency collected more than it did the previous three years combined. Unfortunately, the total amount collected has stayed the same.
  • The bad economy isn't hurting everyone. The CEOs of the corporations responsible for laying off the highest number of workers were paid 42 percent more than average according to a recent study.
  • Bronzeville residents and business owners, who hoped that the once-struggling South Side neighborhood would be transformed during the real estate peak, are now scaling back their expectations are and waiting for the economy to improve.
  • Workers are on strike at the O'Hare Hyatt, saying the national hotel chain wants to force employees into a permanent recession. Protests will also be held in other U.S. cities. In Chicago, more than 6,000 workers part of the hotel and hospitality union UNITE HERE are in negotiations over wages, benefits and working conditions.
  • In New York, Harlem residents are criticizing plans to build a new charter school with public funds because neighborhood public schools are only 63 percent filled. They claim the new school will displace several community gardens and a playground.

                                                                                  --Compiled by Samantha Winslow--

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  • This is SOOOO late. Many of the people this would have helped have already been moved out. For exmple, in Uptown on the North Side: in a 2 block stretch of Sunnyside, 12 members of Uptown Baptst Church resided. Within a year, 11 had been displaced by condoization. (the 12th already owned a condo).

    It would have been nice if they had the opportunity to buy...but they didn't.

    Had this law been in effect 10 years ago, we would not have the condo glut we have today.

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