Afternoon Briefing: Rev. Michael Pfleger reflects on 50 years as a priest
The Chicago Bears are shifting their focus to a new stadium in Arlington Heights, a project that would depend on state legislation allowing for negotiated financing of large-scale development projects.
'Over the last few months, we have made significant progress with the leaders in Arlington Heights, and look forward to continuing to work with state and local leaders on making a transformative economic development project for the region a reality,' the team said in a statement to the Tribune on Friday.
Here's what to know about the Bears' new era since the team purchased the Arlington Heights site in 2023.
And here's what else is happening today. And remember, for the latest breaking news in Chicago, visit chicagotribune.com/latest-headlines and sign up to get our alerts on all your devices.
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The Chicago-born priest has been a fixture at the predominantly Black St. Sabina Church — and in the Auburn Gresham community — since being assigned to the parish more than 40 years ago. Read more here.
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Turns out one thing remains outside of Beyoncé's superhuman control: The weather. Threats of severe storms that failed to fully materialize in the South Loop, apart from wind and rain, delayed the start of the first of the megastar's three-night residency Thursday at Soldier Field. Read more here.
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In a massive setback, House Republicans failed to push their big package of tax breaks and spending cuts through the Budget Committee, as a handful of conservatives joined all Democrats in a stunning vote against it. Read more here.
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Blackhawks Announce Centennial Celebration Nights And Promotions
On Tuesday afternoon, the Chicago Blackhawks announced the celebration nights and promotional schedule for their centennial season, which is coming up in 2025-26. The season's celebration will be divided into four chapters. There will also be 17 giveaways, including seven bobbleheads. Chicago Blackhawks (@NHLBlackhawks) on X better start brushing up on your history🔍 promo schedule🗓️ ➡︎ The bobbleheads include Stan Mikita (October 17th vs Vancouver), Tony Esposito (November 15th vs Toronto), Denis Savard (November 23rd vs Colorado), Chris Chelios (December 13th vs Detroit), Brent Seabrook (January 4th vs Vegas), Duncan Keith (January 17th vs Boston), and Tommy Hawk (March 6th vs Vancouver). Amongst other giveaways, player pins for Spencer Knight, Alex Vlasic, and Frank Nazar are on the list as well. You can see the entire promotional schedule with themed nights here: Vinnie Parise (@VinnieParise) on X Here is your centennial season nights/promotions for the 2025-26 Chicago Blackhawks! It is divided into four chapters. There are going to be 17 giveaways and 7 of them are bobbleheads! Note: the Blackhawks Hall of Fame celebration is still TBD The chapters of each celebration are titled "The Originals", "The Madhouse", "The Banner Years", and "The Next Originals", each for a different era of Chicago Blackhawks hockey. All season long, fans will be able to come and be excited about their favorite NHL team through memories that span a lifetime. There is going to be a lot of energy at the United Center on these nights. One note is that the Blackhawks Hall of Fame celebration still has a TBD date. That will be announced at a later time. Visit The Hockey News Chicago Blackhawks team site to stay updated on the latest news, game-day coverage, player features, and more.
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US Plans Record $100 Billion Bill Sale as Borrowing Needs Mount
(Bloomberg) -- The US government plans to borrow $100 billion in a single Treasury debt sale this week, an unprecedented figure that showcases both the magnitude of its borrowing needs and its ability to attract investors. PATH Train Service Resumes After Fire at Jersey City Station Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole All Hail the Humble Speed Hump The Treasury said on Tuesday that it will auction $100 billion of four-week bills on Thursday, a record for the maturity and an increase of $5 billion from the previous week. The department has been boosting bill sales to rebuild its cash balance after the debt ceiling was lifted at the beginning of July. But the mammoth size is also likely a harbinger of growing bill auctions ahead to help plug the federal budget deficit. Last week, the Treasury signaled it will rely more on the shortest-dated securities to fund the spending gap at least until 2026, after Treasury Secretary Scott Bessent said in June that yields on longer maturities were too high to consider increasing sales of such debt. The department said it anticipates additional increases in October. 'The increase is just the start given Treasury's desire to focus on additional bill issuance in the coming quarters and years,' said Gennadiy Goldberg, head of US interest-rate strategy at TD Securities. 'So while markets will likely focus on the size, bill auction sizes are only likely to grow further in the coming years.' To put the size of the four-week offering in context, the government will also sell a combined $125 billion of coupon-bearing securities this week: $58 billion of three-year notes on Tuesday, $42 billion of 10-year notes Wednesday and $25 billion of 30-year debt Thursday. 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Los Angeles Times
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Concord Capital Partners Acquires $79-Million Los Angeles Apartment Portfolio
Beverly Hills-based Concord Capital Partners acquired a five-property portfolio of apartments in Los Angeles from two separate sellers for $79 million. The 537-unit portfolio was acquired with a $60.5-million senior loan provided by Arbor and supplemented with $30 million in equity. The properties are located in the Koreatown and Hollywood neighborhoods and were all built before 1930. They are recognized as iconic and architecturally significant buildings, featuring grand lobbies, ornate facades, landscaped courtyards and panoramic city views. The portfolio includes the 181-unit Langham located at 715 Normandie Ave., The Fontenoy (51 units), The Sir Francis Drake (61 units), The Piccadilly (74 units) and Park Wilshire (170 units). The new ownership will be rolling out targeted improvements, while maintaining the historical integrity of the buildings. 'We were attracted to these properties because of their favorable pricing relative to historical sales, replacement costs and what we view as the intrinsic value of the assets,' said Reuben Robin, chief executive of Concord, in a statement. Kitty Wallace of Colliers represented the seller in the sale of Park Wilshire, with Janet Neman of Kidder Mathews handling the sale of the remaining four properties. Zalmi Klein of Northmarq arranged the senior financing from Arbor. Information for this article was sourced from Concord Capital Partners.
