Serving the Loop and Near North neighborhoods of downtown Chicago
Effort underway to exclude residential buildings from benchmarking

Photo by Steven Dahlman October 18, 2013 – Ten Chicago aldermen, including 42nd Ward Alderman Brendan Reilly, are trying to modify the energy use benchmarking ordinance – passed last month by the Chicago city council – to exclude residential buildings.

On September 11, the council voted in favor of requiring residential, commercial, and municipal buildings bigger than 50,000 square feet to monitor their energy use starting next year. Energy consumption data posted on a city website would allow prospective owners and renters to compare energy use of buildings, although some say it would be unfair to older buildings and harm property values.

The aldermen have submitted proposed changes to the wording of the ordinance that make clear that “residential dwelling units” are exempt.

The new version started out in the city council’s finance committee and was re-assigned on Wednesday to the Committee on Zoning, Landmarks and Building Standards on which Reilly serves.

The other aldermen supporting the changes are John Arena (45th), James Cappleman (46th), Pat Dowell (3rd), Bob Fioretti (2nd), Leslie Hairston (5th), Harry Osterman (48th), Michelle Smith (43rd), Thomas Tunney (44th), and Scott Waguespack (32nd).

Photo: Lakefront condominium at 400 East Randolph Street in August.

Mortgage rates hit 7.28%, tightening squeeze on North Side buyers
Mortgage rates hit 7.28%, tightening squeeze on North Side buyers
Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer
Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer
Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers
Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers
Crossing the river: A Chicago fan’s game-day guide to the Chiefs’ new home in KCK
Crossing the river: A Chicago fan’s game-day guide to the Chiefs’ new home in KCK
Cook County homeowners bear brunt of $744M tax hike as commercial values lag
Cook County homeowners bear brunt of $744M tax hike as commercial values lag
Why Cook County’s senior property tax freeze should be automatic—and permanent
Why Cook County’s senior property tax freeze should be automatic—and permanent
Mayor’s ‘PRO’ renter ordinance could backfire with higher rents, landlords warn
Mayor’s ‘PRO’ renter ordinance could backfire with higher rents, landlords warn
Data center redevelopment at 300 West Adams approved
Data center redevelopment at 300 West Adams approved
At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap
At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap
Court backs City Hall in Streeterville pot shop ruling
Court backs City Hall in Streeterville pot shop ruling
ChicagoFilming.com Chicago MLS Pro Aqua Condo Homes Marina City Condo Homes West Town Condos Chicago MLS Pro