September 17, 2015 5:35 pm Chicago To Host “Epic” New Year's Eve Celebration Downtown Look out, New York City. Chicago is ringing in 2016 with a big outdoor celebration and a twist on the Times Square countdown and ball drop. NBC 5’s May Ann Ahern reports. Local 2:21 CHICAGO FORECAST: Lake Effect Snow For Some 2:24 CHICAGO FORECAST: Light Snow Develops Tonight 1:58 Chicago Forecast: Snow showers overnight into Wednesday morning 2:26 Chicago's Forecast: Mild Start to Week, Cold Finish 1:49 Chicago Forecast: Mild temps to start the week