Friday, January 8, 2016

January 8, 1980 -- Sherman House Hotel Rides into the Sunset

January 8, 1980 - It is reported that the Illinois Appellate Court in Chicago has upheld the city's acquisition of the Sherman House Hotel under eminent domain rights. Citing the argument that only eight percent of the building's commercial space was being utilized, the court found that the city's intent "to rid the Loop of a blighted area" was valid. The city had previously agreed to pay the Teamsters' Union Pension Fund $11.2 million for the property. Chicago subsequently gave the block on which the hotel stood to the state on which the James Thompson Center was competed five years later. For a history of the Sherman House see…/down-they-forgot-as…

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