Could Alderpeople Soon Have The Power To Ban Short-Term Rentals? City Council To Decide Next Week - Block Club Chicago

6 months agoChicago, ILScore: 85
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Summary

The Chicago City Council will vote next week on whether to give aldermen the power to ban short-term rentals in their wards. This could significantly impact hosts in Chicago by restricting or eliminating their ability to operate STRs in certain areas. Hosts should monitor the outcome of the vote and understand the potential impact on their listings.

Key Insights

  • •The City Council is deciding whether to grant aldermen the authority to ban short-term rentals within their respective wards.

Action Items

  • ✓
    Hosts in Chicago should monitor the City Council's decision next week to understand the potential impact on their ability to host.
    Effort: low
    Impact: high

Watch Out For

  • ⚠Hosts risk being unable to operate in certain areas of Chicago if the City Council approves the measure and their local alderman bans STRs.