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The Lightfoot administration is proposing to close portions of three of the city’s major thoroughfares on occasion this summer North Michigan Avenue, State Street and LaSalle Street as part of a newly detailed plan to help downtown bounce back from the pandemic.
The city is also pledging to help developers of large projects such as the 78 and the former Michael Reese hospital site lure anchor tenants; backing plans for pop-up stores and other creative ways to temporarily fill vacant retail storefronts; and pondering a new way to let business groups establish and promote themselves by leveling a tax on their members.
A spokeswoman for the hospital’s new owner disagreed, saying Mercy will continue as a full-service community hospital through 2029, "and no one will ever be denied service because of their inability to pay."
How Blue Owlâs $12.5B SPAC Deal Could Shape The Future Of Private Equity
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This is an excerpt from Deal Flow, Forbesâ daily newsletter about big buyouts, big mergers and the rest of Big Finance. Want a new edition in your inbox every afternoon?
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What happens when you combine just about every major buzzword that has enveloped private equity in recent years in a single $12.5 billion transaction, one that underscores the many ways the industry has evolved and diversified away from its barbarian beginnings in the 1980s?
Blue Owl Capital is about to find out.