Your Daily Guide

Storms Risk Upgrades

Thursday storms were upgraded to a moderate risk level, with warnings of flooding, dangerous hail, and tornadoes. Hazardous storm conditions left some Chicagoans without power and caused issues with fallen trees that impacted vehicles and homes. [NBC5]

• We were warned: Years ago, experts told us torrential rainstorms were picking up in Chicago. [City Cast Chicago 🎧]

Chicago-Owned Pharmacies? Plus, CPS Defends Transgender Policies

After Walgreens recently shuttered several South Side locations, one alder wants to create the city’s first-ever Office of Pharmacy Access to create public alternatives. On today’s podcast, we break down the latest, including Chicago Public Schools CEO Macquline King’s congressional testimony. [City Cast Chicago 🎧]

New Name. Same Site. Similar Tax Incentives

At the site of ever-stalled Lincoln Yards, new megadevelopment Foundry Park is making headway. The project is on track to receive $200 million in tax increment financing to construct 3,000 units of housing, plus office and retail space, on the swath of land between Lincoln Park and Bucktown. [Block Club]

• Remember when the city pledged Lincoln Yards over $1 billion in TIF funds? [Chicago Agent]

A Tale of Two Shopping Corridors

Armitage Avenue between Sheffield and Halsted has a 0% vacancy rate, but Damen Avenue between Willow and North is nearly 19% vacant. As these areas are often go-to spots for national brands in Chicago, Damen’s struggles may speak to an identity crisis. [Crain’s 🔒]

‘Late Show’ Set on Display

“The Late Show with Stephen Colbert” was canceled last month after almost 11 years on the air. Now the iconic set — desk, chairs, and all — is on permanent display at the Museum of Broadcast Communications in the West Loop. [Tribune 🔒]