Steve Grzanich

Chicago

Anchor at WGN-AM (Chicago, IL)

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Articles

Blackhawks reveal renderings for Fifth Third Arena expansion

2 weeks ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. The Chicago Blackhawks have revealed new renderings for the Fifth Third Arena expansion. When the work is complete in early 2026, the venue will have more than 250,000 square feet of hockey space and training facilities, along with bars, lounges and a patio. The arena will continue serving as the training home to the Blackhawks and will also become the permanent home of the Chicago Steel.
Peninsula Chicago tied for first in world rankings list for hotels

2 weeks ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. A Chicago hotel is ranked among the world's best hotels. The Peninsula Chicago is tied for first in the ranking by La Liste. The Peninsula is a luxury hotel on Superior Street just off the Magnificent Mile. La Liste determines its rankings by analyzing press coverage from nearly 400 sources like Forbes, the Telegraph and others. Its latest ranking was first reported by Bloomberg.
O'Hare adding five United gates, losing four American gates

2 weeks ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. There's an update to the gate allocation saga at O'Hare Airport. The latest allocation will give United Airlines five additional gates at the airport starting Oct. 1. American will lose four gates. After the re-allocation is complete, United, based here in Chicago, will have 95 gates while American will have 59. United recently announced it will add 50 flights from O'Hare later this year.
Financial outlook for Chicago is now negative, per Fitch Ratings

3 weeks ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. The financial outlook for the City of Chicago has been changed to negative by Fitch Ratings. In its revision, Fitch says there's been a lack of meaningful progress in closing a nearly $1 billion structural budget gap. The agency has suggested Chicago could face a future downgrade unless it stabilizes its finances.
Northwestern's Kellogg School of Management announces Matt Caldwell Veterans Program

4 weeks ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. One of the country's top business schools is launching a program to attract more veterans. Northwestern University's Kellogg School of Management has announced The Matt Caldwell Veterans Program. It will focus on increasing veteran student recruitment and provide financial support and scholarships for veterans. The program will be paid for with funds from Kellogg's $600 million fundraising campaign.
Chicago restaurant traffic and revenue are reportedly down this year

1 month ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. Chicago restaurants report fewer people eating out, and those who are, have been spending less. Crain's spoke with several restaurant operators who say revenue and foot traffic is down so far this year. Even with the warming weather, traffic has not picked up. Diners have told restaurants they're eating out less because of tight budgets and recession fears.
Kraft Heinz to spend $3 billion to upgrade U.S. factories

1 month ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. Chicago-based Kraft Heinz will spend $3 billion to upgrade its U.S. factories. It's the company's largest investment in its plants in a decade but comes at a time of uncertainty for the company. Kraft Heinz execs have said consumer sentiment is at its second-lowest point in 70 years, causing lower sales and profit forecasts for the rest of this year.
Northpoint Center in Arlington Heights acquired by Texas investor

1 month ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. Arlington Height's Northpoint Center has been acquired by a Texas investor. According to Crain's, Encore Enterprises acquired a majority stake in the shopping center for $34 million. It's located at the intersection of Rand Road and Arlington Heights Road. AmCap affiliates previously had a majority stake and will maintain a minority share. Encore has also assumed AmCap's mortgage.
Krispy Kreme pauses partnership with McDonald's

1 month ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. Krispy Kreme is pausing its partnership with McDonald's. The company says it's concerned about weakness in the economy and uncertainty about expansion of the partnership. It also withdrew its profit guidance after saying the partnership with the Chicago-based burger chain had hit a speed bump. Even with the McDonald's deal, Krispy Kreme sales came in weak. Its shares have fallen 30% since earlier this year.
State of Illinois sees improved revenue projections for upcoming fiscal year

1 month ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. A new forecast includes improved revenue projections for the State of Illinois in the upcoming fiscal year, despite concerns about the local and national economy. The forecast comes from the Commission on Government Forecasting and Accountability, the General Assembly's independent forecasting arm. The projection is for $54.5 billion in revenue in fiscal year 2026, $266 million more than its March projection.