The notion of a "mega-Loop" is catching on in Chicago. The term reflects downtown Chicago's peerless image as a nexus of increasing population, wealth, and influence. More Chicagoans are centralizing their lives between Cermak, North, the Lake, and Ashland, and businesses are following suit— an inversion of longstanding out-migration trends. Crain's Greg Hinz digs deeply into the phenomenon, tapping data and expert testimony. But what does all this energy and affluence do for depressed neighborhoods and downtrodden inner 'burbs? Very little. Says DePaul's Joe Schwieterman, "We're creating this paradox of prosperity and despair at the same time." [Crain's]
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