Chicago Tribune: Suburbs vs. city: Who will win the wooing contest for Caterpillar’s headquarters?

Feb. 7, 2017

Robert Reed, Chicago Tribune 

It’s on: Suburbs versus the city.

That’s among the area’s oldest economic development matchups and, right now, an interesting contest is shaping up over who is going to win the headquarters of massive manufacturer Caterpillar, which last week said it was leaving longtime home Peoria for the “Chicago area.”…

But real estate and economic development sources say Cat, which sells big machinery and construction products worldwide, is also pretty serious about being near O’Hare International Airport. That doesn’t rule Chicago out, but it does open up opportunities for DuPage County and Cook County’s Rosemont, which border the airport from opposite directions, and crave such a high-profile company.

But real estate and economic development sources say Cat, which sells big machinery and construction products worldwide, is also pretty serious about being near O’Hare International Airport. That doesn’t rule Chicago out, but it does open up opportunities for DuPage County and Cook County’s Rosemont, which border the airport from opposite directions, and crave such a high-profile company.

The estimated $3.4 billion roadway project is being constructed in stages until 2025 with a ramp into O’Hare as soon as 2019, according to the Illinois Tollway.

Read the full piece. http://www.chicagotribune.com/business/columnists/ct-cat-move-robert-reed-17-biz-20170206-column.html

2017-12-07T19:52:32+00:00