Emanuel's Airbnb plan still doesn't satisfy impacted aldermen

Mayor Rahm Emanuel has backed off his threat to hold Airbnb responsible for policing its home-sharing hosts to avoid the threat of a federal lawsuit, but that decision is not sitting well with aldermen whose wards are most impacted.

Alderman Michele Smith (43rd), whose Lincoln Park ward is already inundated with 500 Airbnb listings, on Thursday accused the mayor of cowering to the demands of a "$25 billion bully."

Just last month, Emanuel had dismissed as "storm and fury" and an attempt to "grab leverage" Airbnb's threat to file a federal lawsuit on grounds that federal law prohibits the city from regulating internet platforms in a way that holds the company responsible and liable for the behavior of home-sharing hosts.

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