Commercial real estate struggles with delinquent property tax payments during pandemic
CHICAGO (WLS) -- Property taxes are a big burden right now, and it`s not just families struggling to pay their bills. Shopping malls and hotels are also coming up short.

Counties across the Chicago-area have been offering homeowners extra time to pay their property taxes, but what about bigger buildings?

Commercial real estate has been hit hard by the pandemic, with little relief in sight.

"If you walk into a hotel right now and say, `what is your occupancy rate,` they will tell you, `we were going back up but everyone canceled for the weekend` because there is no place for them to come into the city," said Cook County Treasurer Maria Pappas...
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RSK: This is not just large cities, it is happening everywhere.



- - Volume: 8 - WEEK: 47 Date: 11/17/2020 8:57:57 AM -