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Tick-Tock Goes the Property Tax Clock By Michael Cornicelli, Executive Vice President, BOMA/Chicago One of the more eye-catching headlines I have seen in the last month or so came from Joe Cahill at Crain’s Chicago Business, and it read, “Defuse the property tax bomb.” How appropriate given the extensive sparks flying around the issue of increasing property taxes. Expressing…

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BOMA/Chicago Releases 2017 Economic Impact Study November 27, 2017   BOMA/Chicago commissioned JLL to conduct a research study analyzing the economic impact of our building members. This study was conducted to better understand our members’ economic value to the City of Chicago, as well as glean critical information on the state of Chicago’s commercial real…

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Tax Increases are Coming & Chicago’s Economic Viability Hangs in the Balance By Ron Tabaczynski, BOMA/Chicago Director of Government Affairs Chicago is facing a predicament whose resolution will surely impact office building owners. State law mandates that Chicago make a $590 million contribution to its police and fire pension funds in 2015. If the city…

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BOMA/Chicago Economic Impact Study: Analyzing Chicago Office Buildings as a Major Economic Driver Last week, BOMA/Chicago was proud to unveil its 2012 Economic Impact Study (EIS), a research report commissioned to analyze the economic impact of our building members. The report, which builds on the original EIS released in 2006, was developed to better understand our members’ economic value…

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