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Chicago News Roundup


$310000 for top cop? ‘Yes, it’s worth it’: Daley

The career FBI agent chosen by Mayor Daley to clean up the Chicago Police department will be paid $310,000 a year — and he will be locked into a term that ends in March 2011.

The new and higher salary for J.P. “Jody” Weis was disclosed by the city Law Department hours after Daley defended the decision to make Weis the highest paid public official in Chicago.

Perhaps the Chicago Police Department does need some serious cleaning up. What kind of salary does that justify and what kind of performance are we expecting for that price, a sum that would pay the salaries of a few more cops on the beat.
[via Chicago Sun-Times]

Snow falling in Chicago area, with 3 to 6 inches expected

About 4 to 6 inches of snow were forecast before noon Wednesday.

By midnight Tuesday, the Chicago area had already seen about 31/2 inches, according to the National Weather Service in Romeoville. A lighter dusting of snow was expected overnight, with lake-enhanced snow developing early Wednesday, keeping snow advisories in Cook, DuPage, Lake, and McHenry Counties in effect until noon.

[via Chicago Tribune]

Monsanto joins Chicago Climate Exchange; plans to cut carbon emissions

SAN FRANCISCO, Dec. 4, 2007 (Thomson Financial delivered by Newstex) — Monsanto (NYSE:MON) Co. said Tuesday it joined the Chicago Climate Exchange, a greenhouse-gas emissions reduction, registry and trading program. As part of the agreement, Monsanto said it plans to reduce by 2010 its direct carbon emissions from major U.S. operations by 6% below 2000 levels, or buy carbon emission offsets as specified in the Chicago Climate Exchange contract. The St. Louis-based agribusiness company also said it plans to work with farmer groups to discuss reducing carbon dioxide in the air by practicing no-till agriculture, which involves minimal plowing of farmland. Shares of Monsanto were down 44 cents at $101.16.Katherine HuntCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

[via CNNMoney.com]

Florida: Sears Tower Case Goes to Jury

A jury began deliberations in the trial of seven Miami men accused of plotting to blow up the Sears Tower in Chicago and wage a religiously motivated war against the United States government. Prosecutors, drawing on evidence collected in an eight-month investigation, have said the men were trying to get financial support from Al Qaeda to conduct an armed jihad. But defense lawyers have insisted their clients were entrapped by undercover F.B.I. agents and played along to raise money to build a construction business and a local religious mission..

[via New York Times]

Chicago City Council panel advances plans for 18 possible landmarks

Proposals to confer landmark status on a dozen vintage railroad bridges, a North Side residential district and five buildings were advanced Monday at a City Council committee meeting.

Most of the bridges, representing a variety of designs, were built in the early 20th Century. They span the Chicago River, Chicago Sanitary and Ship Canal, and the Calumet River.

[via Chicago Tribune]

Area buildings receive landmark designation

The avalanche of landmarks approved by the Committee on Historical Landmark Preservation also included the Dover Street District, a “visually distinctive collection of suburban-style single-family homes and multi-family buildings” constructed between 1893 and 1927 in the Uptown community. The district “exemplifies the growth and development of the North Side neighborhood in the years following its annexation” by Chicago in 1889 - a growth made possible by mass transit to the Loop.

[via Chicago Sun-Times]

Optimism, Opportunities Exist Despite Chicago Real Estate Challenges

Chicago — ; “The old days of easily obtainable, nonconforming loans for developers seem to be over,” said Marks Attwood (pictured at right), president, Residential Development Division, AMCORE Bank, Lincolnshire, Ill. “The feds are tightening up the rules and clearly defining black and white now.”

In all, slow sales, excess inventory, tighter lending restrictions and higher costs have taken their toll on the Chicagoland real estate industry, but hope is on the horizon, according to industry experts who headed a recent Chicago real estate industry panel discussion on “Challenges & Change in the Real Estate Industry 2007.”

[via Multi-Housing News]

Kanye West tops nominees for Chicago Music Awards

Two new radio categories were added to the awards this year in response to requests from fans, media and others. The new categories are Most Popular Music Radio and Most Popular College/Community Radio.

Local fans can vote for the Chicago Music Awards by filling out a form online at the official Web site or by e-mailing [email protected] The deadline for voting is Jan. 10.

[via Chicago Sun-Times]

Hillside man charged with robbing 2 on Chicago’s West Side

CHICAGO - A Hillside man has been charged in the armed robbery of two men Thursday night on Chicago’s West Side.

Damien Scott, 25, of the 400 block of North Wolf Road is accused of forcing two men, ages 19 and 25, into the back of a van at gunpoint and robbing them in the 2300 block of West Taylor Street about 9 p.m. Thursday.

[via Chicago Tribune]

Blagojevich pits North vs. South in Illinois

Illinois is a family in pain. Politically, we are perilously close to our own civil war, thanks in large part to the combative, testosterone-driven, absentee leadership of Gov. Blagojevich.

It’s become North against South.

[via Chicago Sun-Times]

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