$19 billion tax bill in Chicago is sparking a legal and political fight within the real estate industry, with property owners saying the levy is constraining new construction. Owners argue the tax burden is contributing to surging rents and limiting supply, creating downside pressure on affordability and future development in the city.
$19 billion tax bill in Chicago is sparking a legal and political fight within the real estate industry, with property owners saying the levy is constraining new construction. Owners argue the tax burden is contributing to surging rents and limiting supply, creating downside pressure on affordability and future development in the city.
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