EUKN - European Urban Knowledge Network - Economic analysis of the Chicago Loop district

Economic analysis of the Chicago Loop district - USA

Introduction

The Chicago Loop Alliance (CLA) recently completed the first-ever comprehensive economic analysis of Chicago’s downtown Loop district, combining the most recent findings and statistics about the area into one all-inclusive report.

Description

The information provides a snapshot of the economic activity in the Loop across the following segments:

entertainment;
higher education;
hotel, convention and tourism;
housing/residential real estate market;
pedestrian traffic;
office/commercial real estate market;
transportation;
and retail.

Findings are available at the Chicago Loop Alliance website (see link below) where information can be accessed through interactive maps, graphs and other useful tools. Members of the Chicago Loop Alliance will be able to access more detailed information from the report through password-protected technology.

Conclusions

The Loop is one of the fastest growing neighborhoods in Chicago
Visitors to Chicago compose the largest segment of consumers spending retail dollars in the Loop
The Chicago Loop constitutes the largest college campus in the United States with 20 higher education institutions and 53,859 students
The Loop area attracts almost one million visitors each workday
Millennium Park attracted nearly three million visitors in 2005

Contact info

Chicago Loop Alliance
Brian Ditchfield, tel. +1 312 782 9160

Publication date

01/11/2006

Researcher

Chicago Loop Alliance

Links

Read the analysis online Chicago Loop Alliance Planetizen Newswire

Document type

research

Themes

Urban Policy > Economy knowledge & employment

Keywords

Urban economy