Illinois Gov. Bruce Rauner vetoed a bill that he said would restrict condo owners' rights.
A law that took effect last year allows owners to override rules requiring the approval of 75% of owners. Some condo associations where developers hold unsold units, giving them seats on the board, have adopted a rule requiring 75% of unit owners in the building have to approve a lawsuit, according to a member of the Chicago Bar Association's condominium subcommittee.
For developments where the owner holds a significant percentage of units, the 75% threshold is rarely reached, preventing other owners from recouping the cost of repairs due to construction flaws. A recent change in the state's condo law made it easier for owners to sue if they wanted to hold their developer accountable. The governor’s veto preserves this change in the law.
According to Chicago Business, many of the thousands of condos built in the city during an early 2000’s building boom were poorly built. The faulty units reportedly had leaky windows or cracks in walls.
Related Stories
| Jul 31, 2014
Cambridge, Mass., is latest locale to require energy usage disclosure
The City Council of Cambridge, Mass., approved the Building Energy Usage and Disclosure Ordinance (BEUDO) that requires benchmarking and disclosure of building energy performance for large commercial, institutional, and multifamily buildings.
| Jul 31, 2014
Stalled $1.5 billion Miami mixed-use redevelopment project advances
A long-delayed $1.5 billion mixed-use development in Miami moved ahead after city planners approved the project’s first phase.
| Jul 30, 2014
USGS updates National Seismic Hazard Maps
The U.S. Geological Service recently released an update of U.S. National Seismic Hazard Maps that reflect the latest analysis of where future earthquakes will occur, how frequently they may occur, and their strength.
| Jul 23, 2014
Fairfax County, Virginia toughens green standards
The Fairfax County Board of Supervisors recently strengthened its green building policy, requiring higher standards for residential, retail, office and other construction projects seeking approval for rezoning.
| Jul 23, 2014
Berkeley National Lab’s FLEXLAB is a test bed for energy efficient office design
FLEXLAB, short for the Facility for Low Energy Experiments, opened this summer at the Lawrence Berkeley National Laboratory.
| Jul 23, 2014
House passes 2015 GSA budget with 17% cut for new construction projects
The General Services Administration’s construction budget for fiscal year 2015 passed by the House this month includes cuts in both new construction and renovation/repairs compared to 2014.
| Jul 16, 2014
Coastal flooding increasing along East Coast, says report
An analysis of tidal levels and flood data by the news organization Reuters concludes that flooding has increased along the Eastern Seaboard over the past four decades.
| Jul 16, 2014
Local hiring requirement a tough challenge for new Detroit arena project
An agreement for a land transfer from the City of Detroit to Ilitch Holdings Inc., that enabled construction of a new arena for the Detroit Red Wings requires that 51% of the project’s construction workers must come from the city.
| Jul 16, 2014
Local hiring requirement a tough challenge for new Detroit arena project
An agreement for a land transfer from the City of Detroit to Ilitch Holdings Inc., that enabled construction of a new arena for the Detroit Red Wings requires that 51% of the project’s construction workers must come from the city.
| Jul 16, 2014
Massive $6.5 billion Silicon Valley development gets key city approval
The Santa Clara (Calif.) City Council approved the next steps for a massive development project next to Levi’s Stadium, the new home of the San Francisco 49ers.