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Court: IL Property Tax board should win battle over value of Loop high rise across from Union Station

Dan Churney Feb. 1, 2017, 7:59pm

A Chicago appeals court has backed the Illinois Property Tax Appeal Board’s decision to peg the value of a West Loop high-rise, situated across from Union Station, at $74 million, brushing aside the owners’ contention it was actually worth $58 million, saying the owners were given a fair shake and their appraisal was “unreliable” and “confusing.”