Press Detail

Emanuel saves $4.25M by refinancing Michael Reese debt — again

Posted on February 27, 2017

Chicago Sun-Times

This article discusses the $4.25 million in savings generated by the City of Chicago’s second refinancing of the loan for the site of the former Michael Reese Hospital. Laurence Msall, President of the Civic Federation, remarks that it’s unfortunate that Chicago taxpayers are paying hundreds of millions of dollars for a site that’s not being used but also notes that refinancing to save money is a positive step.