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May 29, 2024

Illinois Lawmakers Finalize $53.1B Budget, Carve Out $500M For Quantum Computing Hub

Lawmakers in the Illinois House gave final approval to a $53.1B state budget in the wee hours of Wednesday morning, earmarking $3.5B for infrastructure improvements — including $500M to support the development of a regional quantum information science and technology campus aimed at luring high-tech firms to the state.

Illinois Lawmakers Finalize $53.1B Budget, Carve Out $500M For Quantum Computing Hub

The House approved the budget in a 65-45 vote taken at about 2 a.m., and it will now head to Gov. J.B. Pritzker's desk for his approval, The Chicago Tribune reported. The budget includes a sizable sum for infrastructure spending, about $500M more than Pritzker…

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RTO Effort Gets Unlikely New Ally As SEC, FINRA Step Up Security Safeguards

The slow slog back to the office may get a boost from a source usually blamed for holding business back: financial regulators. 

Regulatory decisions from the Securities and Exchange Commission and the Financial Industry Regulatory Authority are playing into the decisions of major banks to bring some workers back to the office every day. These moves are being made even though the full extent of what compliance would mean is still unknown. 

“With the expiration of FINRA's Covid-related relief on May 31, approximately 600 Citi colleagues who previously performed certain activities outside an office environment will now be required to work full-time from a Citi office location going forward,” a Citi spokesperson told Bisnow in an email.

RTO Effort Gets Unlikely New Ally As SEC, FINRA Step Up Security Safeguards

The agency had rolled back some security restrictions in the early days of the pandemic to facilitate remote work. Those rules are now reverting.In the four years since the first lockdowns, office use has not come close to pre-pandemic levels. Last week, office usage was 51% of pre-pandemic…

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Conservationists Race Billionaires To Buy Private Island In Miami

Conservationists Race Billionaires To Buy Private Island In Miami  

Exclusive island addresses are embedded in Miami’s culture. Indian Creek is known as Billionaire Bunker. Fisher Island, accessible only by boat, is the third most expensive ZIP code in the U.S. 

But none can offer the privacy of 1 Bird Key, an uninhabited island south of North Bay Village that recently hit the market for $31.5M. 

The island, spanning 4 acres and located 500 yards offshore to the south of the 79th Street Causeway, is being marketed by Compass’ Audrey Ross as the only privately owned island with residential zoning in Miami. But the listing has environmentalists crying foul over the loss of a…

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Mayor Scott: Bridge Collapse Still Causing Traffic, But Port Reopening Faster Than Expected

Mayor Scott: Bridge Collapse Still Causing Traffic, But Port Reopening Faster Than Expected  

The collapse of the Francis Scott Key Bridge two months ago is likely to have ripple effects on the global economy that are still materializing. But for Baltimore City, the crisis immediately impacted two critical functions: vehicular traffic and port activity. 

The effect on traffic from the loss of a bridge that carried 30,000 vehicles daily has been unavoidable, but the continued flow of cars through nearby tunnels shows there is still demand to travel into the city, Mayor Brandon Scott said Friday.  Scott, speaking on Bisnow’s Building a Stronger

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