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  • Crain's Daily Gist podcast: Why developers are worried Lightfoot will go too far

    The city of Chicago's push to strengthen an ordinance requiring developers to include affordable apartments or condos in their projects is scaring residential developers, Crain's Alby Gallun tells Amy Guth. Plus: A cloud hangs over Exelon M&A, Chicago's Standard Club fights for survival, and more.

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    The city of Chicago's push to strengthen an ordinance requiring developers to include affordable apartments or condominiums in their projects is scaring residential developers, Crain's reporter Alby Gallun tells Amy Guth. They warn Mayor Lori Lightfoot that the new rules could could make new development less profitable—while on the other side, some housing advocates say it doesn’t go far enough to address the issue of affordable housing. Who is right?

    Plus: The legal cloud hanging over Exelon may be impeding M&A, O'Hare will screen for the deadly virus spreading through China, Chicago's Standard Club fights for survival and the SEC approves a Cboe market close pricing option.Find hashtag to continue the conversation about these and other business stories.

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