06/09/20: Worst News Yet For McCormick Place

McCormick Place lost its biggest event, the latest in a string of COVID-related cancellations. Crain’s commercial real estate reporter Danny Ecker details the economic hit to the convention center’s owner in addition to Chicago’s hotels and restaurants. Plus: City officials say $1.13 billion in federal COVID relief isn’t enough, Illinois businesses and nonprofits land $22 billion in PPP loans, McDonald's names a new global CMO in a marketing leadership shakeup and as many as 25,000 U.S. stores could close in 2020. Find #CrainsDailyGist on Twitter and let's continue the conversation.